Freedom Capital upgraded shares of Realty Income (NYSE:O – Free Report) from a hold rating to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.
O has been the subject of several other research reports. UBS Group upped their price target on Realty Income from $66.00 to $72.00 and gave the company a “buy” rating in a report on Monday, March 9th. Stifel Nicolaus boosted their price objective on Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Morgan Stanley set a $67.00 price target on shares of Realty Income in a research note on Monday, April 27th. Evercore reissued a “positive” rating on shares of Realty Income in a report on Wednesday, February 25th. Finally, Cantor Fitzgerald lifted their price objective on Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven 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 price target of $67.27.
Realty Income Price Performance
Realty Income (NYSE:O – Get Free Report) last posted its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share 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 analyst estimates of $1.39 billion. During the same period last year, the company earned $1.06 earnings per share. The business’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. Analysts forecast that Realty Income will post 4.43 EPS for the current fiscal year.
Realty Income Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be issued a $0.2705 dividend. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Thursday, April 30th. Realty Income’s payout ratio is presently 266.39%.
Insider Activity at Realty Income
In other news, insider Michelle Bushore sold 7,400 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total value of $461,908.00. Following the transaction, the insider directly owned 67,641 shares of the company’s stock, valued at $4,222,151.22. The trade was a 9.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Realty Income by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock worth $8,478,910,000 after acquiring an additional 684,949 shares in the last quarter. State Street Corp raised its position in Realty Income by 0.8% in the 4th quarter. State Street Corp now owns 63,559,987 shares of the real estate investment trust’s stock worth $3,599,676,000 after purchasing an additional 531,095 shares during the last quarter. Geode Capital Management LLC raised its position in Realty Income by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock worth $1,655,991,000 after purchasing an additional 793,100 shares during the last quarter. Morgan Stanley raised its position in Realty Income by 21.6% in the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock worth $1,031,080,000 after purchasing an additional 3,252,091 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Realty Income by 1.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 13,018,219 shares of the real estate investment trust’s stock worth $796,457,000 after purchasing an additional 154,581 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.
About Realty Income
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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