CrossGen Wealth LLC Invests $840,000 in Realty Income Corporation $O

CrossGen Wealth LLC bought a new position in shares of Realty Income Corporation (NYSE:O) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,893 shares of the real estate investment trust’s stock, valued at approximately $840,000.

Several other institutional investors have also bought and sold shares of O. Vanguard Group Inc. grew its holdings in shares of Realty Income by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock worth $8,478,910,000 after purchasing an additional 684,949 shares during the last quarter. State Street Corp boosted its position in Realty Income by 0.8% in the fourth quarter. State Street Corp now owns 63,559,987 shares of the real estate investment trust’s stock valued at $3,599,676,000 after buying an additional 531,095 shares in the last quarter. Geode Capital Management LLC boosted its position in Realty Income by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock valued at $1,655,991,000 after buying an additional 793,100 shares in the last quarter. Morgan Stanley grew its stake in Realty Income by 21.6% during the fourth quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock worth $1,031,080,000 after buying an additional 3,252,091 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Realty Income by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 12,863,638 shares of the real estate investment trust’s stock worth $725,144,000 after buying an additional 192,467 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O stock opened at $60.35 on Friday. Realty Income Corporation has a 1 year low of $55.86 and a 1 year high of $67.93. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm’s 50 day moving average is $62.37 and its 200-day moving average is $61.59. The firm has a market capitalization of $56.27 billion, a price-to-earnings ratio of 49.46, a PEG ratio of 4.74 and a beta of 0.72.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating 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 business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business posted $1.06 earnings per share. Realty Income’s revenue for the quarter 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. Sell-side analysts forecast that Realty Income Corporation will post 4.44 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.271 per share. The ex-dividend date is Tuesday, June 30th. This is an increase from Realty Income’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. Realty Income’s dividend payout ratio is presently 266.39%.

Insider Activity

In other news, insider Michelle Bushore sold 7,400 shares of the company’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total transaction of $461,908.00. Following the transaction, the insider owned 67,641 shares of the company’s stock, valued at $4,222,151.22. This represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on O shares. Evercore reiterated a “positive” rating on shares of Realty Income in a research note on Wednesday, February 25th. Morgan Stanley set a $67.00 price target on Realty Income in a report on Monday, April 27th. Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Jefferies Financial Group started coverage on Realty Income in a research note on Monday, June 1st. They issued a “buy” rating and a $69.00 price objective on the stock. Finally, Scotiabank decreased their target price on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $66.75.

About Realty Income

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.