Realty Income Corporation sees increased institutional holdings and analyst activity

Realty Income Corporation (NYSE:O) has experienced notable activity regarding institutional holdings and trading volume. During the second quarter, Ascentis Wealth Management LLC increased its position in the real estate investment trust by 6,566.1%, bringing its total ownership to 685,477 shares valued at approximately $42,472,000.

Other institutional investors, including Peterson Wealth Services, TD Waterhouse Canada Inc., Global Assets Advisory LLC, and Resonant Capital Advisors LLC, also reported increased stakes in the company during the same period. Currently, institutional investors and hedge funds own approximately 70.81% of the stock.

In recent trading, the company saw a volume of approximately 4,130,455 shares, which represents a 32% decline from the previous session. Analysts have provided varying outlooks: Jefferies Financial Group initiated coverage with a “buy” rating and a $69.00 target, while Weiss Ratings upgraded the stock to a “buy” rating. Conversely, Barclays lowered its price objective to $67.00 with an “equal weight” rating. The consensus among analysts is a “Moderate Buy” with an average price target of $67.42.