Independent Financial Group LLC Acquires Shares of 47,634 Realty Income Corporation $O

Independent Financial Group LLC bought a new stake in shares of Realty Income Corporation (NYSE:O) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 47,634 shares of the real estate investment trust’s stock, valued at approximately $2,914,000.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Realty Income during the 4th quarter worth approximately $558,775,000. Morgan Stanley boosted its stake in shares of Realty Income by 21.6% during the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock valued at $1,031,080,000 after buying an additional 3,252,091 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Realty Income by 45.1% during the 4th quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock valued at $281,792,000 after buying an additional 1,554,726 shares during the last quarter. State Street Corp grew its position in shares of Realty Income by 2.1% during the third quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock worth $3,831,526,000 after buying an additional 1,295,936 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Realty Income by 8.3% during the fourth quarter. Legal & General Group Plc now owns 10,699,509 shares of the real estate investment trust’s stock worth $603,131,000 after buying an additional 823,489 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Robert W. Baird upped their price target on shares of Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, July 6th. Jefferies Financial Group assumed coverage on shares of Realty Income in a research report on Monday, June 1st. They issued a “buy” rating and a $69.00 target price for the company. Mizuho reduced their price target on shares of Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Barclays lifted their price target on Realty Income from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Finally, UBS Group set a $67.00 price objective on Realty Income in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $67.17.

Realty Income Stock Performance

Realty Income stock opened at $65.70 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. Realty Income Corporation has a 12 month low of $55.86 and a 12 month high of $67.93. The company has a fifty day moving average price of $62.13 and a two-hundred day moving average price of $62.41. The company has a market cap of $61.26 billion, a PE ratio of 53.85, a P/E/G ratio of 5.13 and a beta of 0.72.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the company earned $1.06 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Research analysts expect that Realty Income Corporation will post 4.45 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a $0.271 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 5.0%. Realty Income’s dividend payout ratio (DPR) is currently 266.39%.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.