Royal Bank of Canada Sells 1,007,063 Shares of Realty Income Corporation $O

Royal Bank of Canada lessened its stake in shares of Realty Income Corporation (NYSE:OFree Report) by 24.3% during the first quarter, Holdings Channel.com reports. The firm owned 3,138,201 shares of the real estate investment trust’s stock after selling 1,007,063 shares during the period. Royal Bank of Canada’s holdings in Realty Income were worth $191,995,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. DGS Capital Management LLC raised its stake in Realty Income by 4.3% during the 4th quarter. DGS Capital Management LLC now owns 3,836 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 158 shares during the period. Patrick M Sweeney & Associates Inc. grew its stake in Realty Income by 4.5% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 3,801 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 164 shares during the period. CYBER HORNET ETFs LLC grew its stake in Realty Income by 7.4% in the fourth quarter. CYBER HORNET ETFs LLC now owns 2,417 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 166 shares during the period. Sage Private Wealth Group LLC increased its holdings in shares of Realty Income by 2.2% during the fourth quarter. Sage Private Wealth Group LLC now owns 7,844 shares of the real estate investment trust’s stock valued at $442,000 after acquiring an additional 170 shares in the last quarter. Finally, Trust Investment Advisors increased its holdings in shares of Realty Income by 0.8% during the fourth quarter. Trust Investment Advisors now owns 23,266 shares of the real estate investment trust’s stock valued at $1,311,000 after acquiring an additional 178 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of Realty Income stock opened at $65.48 on Thursday. Realty Income Corporation has a 52 week low of $55.86 and a 52 week high of $67.93. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average price of $62.67 and a 200-day moving average price of $62.90. The company has a market cap of $61.06 billion, a PE ratio of 53.67, a price-to-earnings-growth ratio of 5.13 and a beta of 0.72.

Realty Income (NYSE:OGet Free Report) last announced its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the firm earned $1.06 earnings per share. Realty Income’s quarterly revenue was up 12.2% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Equities analysts anticipate that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on O shares. Robert W. Baird increased their target price on Realty Income from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, July 6th. Huntington assumed coverage on shares of Realty Income in a research note on Wednesday, July 15th. They set an “outperform” rating and a $70.00 price target for the company. Freedom Capital upgraded shares of Realty Income from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Morgan Stanley set a $67.00 price objective on shares of Realty Income in a research note on Monday, April 27th. Finally, Scotiabank reduced their price objective on shares of Realty Income from $72.00 to $67.00 and set a “sector outperform” rating for the company in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $67.11.

Read Our Latest Report on O

Realty Income Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corporation (NYSE:OFree Report).

Institutional Ownership by Quarter for Realty Income (NYSE:O)

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