Kestra Private Wealth Services LLC lowered its position in shares of Realty Income Corporation (NYSE:O – Free Report) by 6.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,827 shares of the real estate investment trust’s stock after selling 9,735 shares during the period. Kestra Private Wealth Services LLC’s holdings in Realty Income were worth $8,136,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Realty Income in the second quarter valued at $6,997,219,000. State Street Corp increased its stake in Realty Income by 3.4% during the 2nd quarter. State Street Corp now owns 65,929,425 shares of the real estate investment trust’s stock worth $4,102,484,000 after buying an additional 2,166,180 shares during the period. Bank of America Corp DE increased its stake in Realty Income by 10.3% during the 2nd quarter. Bank of America Corp DE now owns 19,117,994 shares of the real estate investment trust’s stock worth $1,184,551,000 after buying an additional 1,785,859 shares during the period. Dimensional Fund Advisors LP increased its stake in Realty Income by 1.2% during 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 buying an additional 154,581 shares during the period. Finally, Legal & General Group Plc purchased a new stake in Realty Income during the 2nd quarter worth $643,334,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.
Realty Income Stock Up 3.1%
Shares of NYSE:O opened at $59.26 on Thursday. The company has a current ratio of 6.04, a quick ratio of 5.88 and a debt-to-equity ratio of 0.74. The company has a fifty day simple moving average of $57.21 and a 200 day simple moving average of $61.57. The firm has a market cap of $56.07 billion, a PE ratio of 40.87, a price-to-earnings-growth ratio of 4.48 and a beta of 0.65. Realty Income Corporation has a 12-month low of $53.15 and a 12-month high of $67.93.
Realty Income (NYSE:O – Get Free Report) last posted its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Realty Income had a net margin of 21.85% and a return on equity of 3.27%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 earnings per share. On average, equities research analysts anticipate that Realty Income Corporation will post 4.45 EPS for the current fiscal year.
Realty Income Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a dividend of $0.2715 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $3.26 annualized dividend and a dividend yield of 5.5%. Realty Income’s dividend payout ratio (DPR) is presently 224.14%.
Wall Street Analyst Weigh In
O has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $63.75 price objective on shares of Realty Income in a report on Friday, October 9th. Barclays lowered their target price on Realty Income from $65.00 to $61.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 20th. Weiss Ratings lowered Realty Income from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 30th. Truist Financial upgraded Realty Income from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 14th. Finally, Huntington assumed coverage on Realty Income in a report on Monday. They issued a “strong-buy” rating for the company. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.81.
Read Our Latest Research Report on O
Realty Income News Roundup
Here are the key news stories impacting Realty Income this week:
- Positive Sentiment: Q3 results and outlook beat expectations: Realty Income reported AFFO of $1.12 per share, up 3.7% year over year, and revenue of $1.62 billion. Management raised its 2026 AFFO guidance to $4.45–$4.46 per share and is targeting $10 billion in investments this year. Realty Income Q3 2026 earnings call highlights
- Positive Sentiment: New investment and funding avenues: The company reported a 170-basis-point investment spread and expanded its European private-capital platform through a €528 million joint venture with KKR. These initiatives could support growth and diversify funding as U.S. borrowing costs remain elevated. Realty Income Q3 earnings call centers on funding flexibility
- Positive Sentiment: Analyst support: Huntington initiated coverage with a “strong buy” rating, while RBC raised its price target to $61 and maintained an “outperform” rating. Huntington Realty Income coverage
- Neutral Sentiment: Monthly dividend remains a key attraction: Realty Income’s long record of monthly payments and a payout of roughly 73% of AFFO may appeal to income investors, though the dividend’s appeal alone does not ensure faster share-price growth. Realty Income dividend and earnings context
- Negative Sentiment: Growth and financing remain constraints: AFFO per share growth of 3.7% highlights the challenge of generating faster growth at Realty Income’s scale. Higher U.S. borrowing costs could also make acquisitions and portfolio expansion more difficult, tempering the impact of the earnings beat and higher guidance. Why Realty Income’s stock may not take off after earnings
Realty Income Company Profile
Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily invests in single-tenant properties that are leased to businesses under long-term, net lease agreements, under which tenants generally are responsible for property taxes, insurance and maintenance.
Its portfolio includes retail, grocery, convenience store, industrial, distribution and other commercial properties. Realty Income serves a broad range of tenants and seeks to generate recurring rental income through long-term leases.
Featured Stories
- Five stocks we like better than Realty Income
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Receive News & Ratings for Realty Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Realty Income and related companies with MarketBeat.com's FREE daily email newsletter.
