Brookstone Capital Management Sells 12,641 Shares of Realty Income Corporation $O

Brookstone Capital Management lowered its stake in Realty Income Corporation (NYSE:O) by 5.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 202,887 shares of the real estate investment trust’s stock after selling 12,641 shares during the quarter. Brookstone Capital Management’s holdings in Realty Income were worth $12,413,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. EFG International AG bought a new stake in Realty Income in the fourth quarter valued at about $26,000. Stance Capital LLC acquired a new position in Realty Income in the third quarter valued at about $27,000. Evolution Wealth Management Inc. boosted its holdings in 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 last quarter. Quattro Advisors LLC bought a new position in Realty Income during the fourth quarter worth about $29,000. Finally, Ameriflex Group Inc. grew its position in shares of Realty Income by 68.7% during the 3rd quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analysts Set New Price Targets

O has been the subject of a number of recent analyst reports. Evercore reaffirmed a “positive” rating on shares of Realty Income in a research note on Wednesday, February 25th. Loop Capital set a $69.00 price objective on shares of Realty Income in a research note on Monday, March 2nd. UBS Group set a $67.00 price objective on shares of Realty Income in a report on Thursday. Jefferies Financial Group began coverage on shares of Realty Income in a research note on Monday, June 1st. They issued a “buy” rating and a $69.00 target price for the company. Finally, Morgan Stanley set a $67.00 target price on shares of Realty Income in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $66.75.

Insiders Place Their Bets

In other news, insider Michelle Bushore sold 7,400 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total value of $461,908.00. Following the completion of the transaction, the insider owned 67,641 shares in the company, valued at $4,222,151.22. This represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Realty Income Stock Up 0.5%

NYSE:O opened at $60.55 on Tuesday. 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 stock has a market cap of $56.46 billion, a price-to-earnings ratio of 49.63, a PEG ratio of 4.71 and a beta of 0.72. The stock has a 50-day moving average price of $62.27 and a two-hundred day moving average price of $61.63.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm posted $1.06 earnings per share. Realty Income’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. As a group, equities analysts expect that Realty Income Corporation will post 4.44 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.271 dividend. The ex-dividend date of this dividend 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 yield of 5.4%. Realty Income’s payout ratio is presently 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.