Plato Investment Management Ltd Acquires Shares of 38,730 Realty Income Corporation $O

Plato Investment Management Ltd bought a new position in shares of Realty Income Corporation (NYSE:O – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 38,730 shares of the real estate investment trust’s stock, valued at approximately $2,386,000.

A number of other large investors have also modified their holdings of O. Norges Bank purchased a new stake in shares of Realty Income in the fourth quarter valued at approximately $558,775,000. Bank of New York Mellon Corp purchased a new position in Realty Income in the second quarter worth $340,180,000. Morgan Stanley lifted its holdings in Realty Income by 21.6% in the fourth quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock valued at $1,031,080,000 after acquiring an additional 3,252,091 shares during the period. Deutsche Bank AG lifted its holdings in Realty Income by 45.1% in the fourth quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock valued at $281,792,000 after acquiring an additional 1,554,726 shares during the period. Finally, Amundi boosted its position in shares of Realty Income by 56.7% during the 1st quarter. Amundi now owns 4,183,310 shares of the real estate investment trust’s stock worth $255,934,000 after purchasing an additional 1,514,119 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

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Realty Income Trading Down 0.4%

Shares of O stock opened at $62.46 on Tuesday. The stock has a market cap of $59.10 billion, a P/E ratio of 45.59, a P/E/G 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 fifty-two week low of $55.86 and a fifty-two week high of $67.93. The business has a fifty day simple moving average of $63.12 and a 200-day simple moving average of $63.11.

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

Realty Income Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Morgan Stanley set a $67.00 price target on shares of Realty Income in a research note on Monday, April 27th. Stifel Nicolaus set a $70.75 price objective on shares of Realty Income in a report on Tuesday, June 30th. Evercore set a $68.00 target price on shares of Realty Income in a research report on Friday, August 7th. Royal Bank Of Canada dropped their target price on shares of Realty Income from $71.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Finally, Barclays reduced their price target on shares of Realty Income from $68.00 to $67.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.42.

Get Our Latest Stock Analysis on O

Realty Income Company 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.

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