Stoneridge Investment Partners LLC Buys New Position in Realty Income Corporation $O

Stoneridge Investment Partners LLC bought a new stake in shares of Realty Income Corporation (NYSE:O) in the second quarter, Holdings Channel.com reports. The fund bought 10,539 shares of the real estate investment trust’s stock, valued at approximately $673,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. EFG International AG acquired a new position in shares of Realty Income in the 4th quarter worth approximately $26,000. Evolution Wealth Management Inc. increased its position in shares of Realty Income by 257.1% during the fourth quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 360 shares during the period. Quattro Advisors LLC acquired a new stake in shares of Realty Income during the fourth quarter worth $29,000. Sankala Group LLC acquired a new stake in shares of Realty Income during the fourth quarter worth $32,000. Finally, Costello Asset Management INC bought a new position in Realty Income during the fourth quarter worth $37,000. Institutional investors own 70.81% of the company’s stock.

Key Realty Income News

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Realty Income completed a $1.0 billion offering of 3.750% convertible senior notes due 2031, including the full exercise of an additional $125 million option. The proceeds are expected to support a share repurchase of at least $750 million, debt repayment, property acquisitions and portfolio expansion. Realty Income Announces Closing of $1.0 Billion Convertible Senior Notes Offering
• Positive Sentiment: Capped-call transactions tied to the notes are designed to reduce potential shareholder dilution. The financing also gives Realty Income additional flexibility to pursue growth while maintaining its investment-grade balance sheet and A credit rating.
• Neutral Sentiment: The bull case emphasizes Realty Income’s 30.3% three-year total return and dependable monthly dividend. However, investors are debating whether the newly announced buyback and growth investments can materially improve returns from current valuation levels. The Bull Case For Realty Income Could Change Following $1 Billion Convertible Notes And Buyback Plan
• Negative Sentiment: Analysts characterize Realty Income as fully priced or expensive rather than a clear bargain. Its strong recent performance may leave less room for error, while higher interest costs or tenant weakness could pressure future results. Realty Income Stock Looks Fully Priced Despite Strong Returns And Income
• Negative Sentiment: Ashton Thomas Private Wealth LLC reduced its Realty Income position by 20.5%, selling 11,873 shares. The transaction is small relative to the company’s market value but adds a modest institutional-selling signal. Realty Income Corporation Stock Position Reduced by Ashton Thomas Private Wealth LLC

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on O shares. Robert W. Baird boosted their target price 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. Evercore set a $68.00 price target on Realty Income in a report on Friday, August 7th. Huntington began coverage on Realty Income in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $70.00 price objective for the company. Wells Fargo & Company boosted their price objective on Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 15th. Finally, Stifel Nicolaus set a $70.75 target price on Realty Income in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $67.42.

Realty Income Stock Performance

Shares of O stock opened at $62.75 on Friday. The firm has a 50 day moving average of $63.07 and a 200-day moving average of $63.08. The company has a market cap of $59.38 billion, a price-to-earnings ratio of 45.80, a price-to-earnings-growth ratio of 4.46 and a beta of 0.71. The company has a quick ratio of 5.88, a current ratio of 5.88 and a debt-to-equity ratio of 0.73. Realty Income Corporation has a 52 week low of $55.86 and a 52 week high of $67.93.

Realty Income (NYSE:O) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.09. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company earned $1.05 EPS. Realty Income’s quarterly revenue was up 9.7% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, equities analysts forecast that Realty Income Corporation will post 4.43 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a $0.271 dividend. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Friday, July 31st. Realty Income’s payout ratio is 237.23%.

Realty Income Company 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.