Daiwa Securities Group Inc. lowered its position in Realty Income Corporation (NYSE:O – Free Report) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,737,074 shares of the real estate investment trust’s stock after selling 46,907 shares during the period. Daiwa Securities Group Inc. owned 0.19% of Realty Income worth $107,629,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Realty Income by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock worth $8,478,910,000 after purchasing an additional 684,949 shares during the period. State Street Corp increased its stake in Realty Income by 0.8% during the 4th quarter. State Street Corp now owns 63,559,987 shares of the real estate investment trust’s stock valued at $3,599,676,000 after purchasing an additional 531,095 shares in the last quarter. Geode Capital Management LLC increased its stake in Realty Income by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock valued at $1,655,991,000 after purchasing an additional 793,100 shares in the last quarter. Morgan Stanley raised its holdings in Realty Income by 21.6% during the fourth quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock worth $1,031,080,000 after buying an additional 3,252,091 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Realty Income by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 13,018,219 shares of the real estate investment trust’s stock worth $796,457,000 after buying an additional 154,581 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. UBS Group set a $67.00 target price on shares of Realty Income in a research report on Thursday, June 18th. Stifel Nicolaus set a $70.75 target price on shares of Realty Income in a report on Tuesday, June 30th. Jefferies Financial Group assumed coverage on shares of Realty Income in a research report on Monday, June 1st. They set a “buy” rating and a $69.00 price objective on the stock. Wells Fargo & Company raised their price objective on shares of Realty Income from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 15th. Finally, Huntington assumed coverage on shares of Realty Income in a report on Wednesday, July 15th. They issued an “outperform” rating and a $70.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Realty Income presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.42.
Realty Income Trading Down 0.3%
Shares of NYSE:O opened at $62.75 on Friday. The stock has a market capitalization of $59.38 billion, a PE ratio of 45.80, a price-to-earnings-growth ratio of 4.47 and a beta of 0.71. The company’s 50-day moving average price is $63.07 and its two-hundred day moving average price is $63.08. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88. Realty Income Corporation has a one year low of $55.86 and a one year high of $67.93.
Realty Income (NYSE:O – Get Free Report) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.09. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.Realty Income’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, equities analysts forecast that Realty Income Corporation will post 4.43 EPS for the current fiscal year.
Realty Income Announces Dividend
The business also recently declared a monthly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a dividend of $0.271 per share. 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 payout ratio is currently 237.23%.
Realty Income Company Profile
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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