Realty Income Corporation $O Shares Bought by State Street Corp

State Street Corp raised its position in Realty Income Corporation (NYSE:OFree Report) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,929,425 shares of the real estate investment trust’s stock after purchasing an additional 2,166,180 shares during the quarter. State Street Corp owned 6.97% of Realty Income worth $4,102,484,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Security National Bank of Sioux City Iowa IA raised its holdings in Realty Income by 27.2% in the second quarter. Security National Bank of Sioux City Iowa IA now owns 42,266 shares of the real estate investment trust’s stock valued at $2,619,000 after buying an additional 9,040 shares during the period. MCF Advisors LLC increased its position in shares of Realty Income by 43.2% in the second quarter. MCF Advisors LLC now owns 3,455 shares of the real estate investment trust’s stock worth $214,000 after acquiring an additional 1,043 shares in the last quarter. National Pension Service raised its stake in shares of Realty Income by 3.1% in the 2nd quarter. National Pension Service now owns 1,668,650 shares of the real estate investment trust’s stock valued at $103,390,000 after acquiring an additional 50,790 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Realty Income in the 2nd quarter valued at $936,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Realty Income during the 2nd quarter valued at $287,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on O. Stifel Nicolaus set a $70.75 price objective on Realty Income in a research report on Tuesday, June 30th. Royal Bank Of Canada lowered their target price on Realty Income from $71.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Barclays dropped their target price on Realty Income from $67.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday, September 4th. UBS Group set a $67.00 price target on Realty Income in a report on Thursday, June 18th. Finally, Wells Fargo & Company lowered their price objective on shares of Realty Income from $65.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Realty Income presently has an average rating of “Moderate Buy” and a consensus target price of $66.73.

Read Our Latest Research Report on O

Realty Income Stock Up 0.2%

Shares of NYSE O traded up $0.11 during midday trading on Tuesday, reaching $56.76. 2,472,650 shares of the company’s stock were exchanged, compared to its average volume of 6,111,563. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.88 and a current ratio of 5.88. Realty Income Corporation has a 52-week low of $55.86 and a 52-week high of $67.93. The business’s fifty day moving average price is $62.30 and its two-hundred day moving average price is $62.46. The stock has a market capitalization of $53.71 billion, a PE ratio of 41.48, a price-to-earnings-growth ratio of 4.03 and a beta of 0.71.

Realty Income (NYSE:OGet Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.09. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm earned $1.05 EPS. Realty Income’s quarterly revenue was up 9.7% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Analysts forecast that Realty Income Corporation will post 4.42 EPS for the current year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.2715 per share. The ex-dividend date is Wednesday, September 30th. This is an increase from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a yield of 5.7%. Realty Income’s payout ratio is currently 237.23%.

Realty Income Profile

(Free Report)

Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily uses long-term, single-tenant, net lease agreements, under which tenants generally assume responsibility for property-level expenses such as maintenance, insurance and taxes.

Its portfolio includes retail, industrial, distribution, office, gaming and other commercial properties. Realty Income serves a broad range of tenants, including convenience stores, grocery stores, pharmacies, home improvement retailers, restaurants, logistics operators and other established businesses.

Further Reading

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

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