Pensionfund PDN Buys New Position in Realty Income Corporation $O

Pensionfund PDN bought a new stake in shares of Realty Income Corporation (NYSE:O) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 131,870 shares of the real estate investment trust’s stock, valued at approximately $7,434,000. Realty Income comprises approximately 4.9% of Pensionfund PDN’s holdings, making the stock its 4th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 615 shares during the period. Bison Wealth LLC purchased a new position in Realty Income during the fourth quarter valued at $571,000. Empowered Funds LLC grew its holdings in Realty Income by 8.0% during the first quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 1,330 shares during the period. Woodline Partners LP grew its holdings in Realty Income by 41.3% during the first quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust’s stock valued at $4,289,000 after purchasing an additional 21,603 shares during the period. Finally, Intech Investment Management LLC increased its position in Realty Income by 14.9% in the first quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust’s stock worth $1,474,000 after buying an additional 3,290 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

NYSE O opened at $60.81 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $67.93. The business has a 50-day moving average price of $63.52 and a 200-day moving average price of $60.10. The firm has a market cap of $56.70 billion, a price-to-earnings ratio of 51.98, a price-to-earnings-growth ratio of 4.51 and a beta of 0.77.

Realty Income (NYSE:O) last issued its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. Realty Income had a return on equity of 2.68% and a net margin of 18.41%.The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the company earned $1.05 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. As a group, equities research analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.2705 dividend. This represents a c) annualized dividend and a dividend yield of 5.3%. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, March 31st. Realty Income’s payout ratio is presently 276.92%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays lifted their price objective on Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, March 13th. Wall Street Zen raised shares of Realty Income from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $61.00 price target on shares of Realty Income in a report on Thursday, December 18th. Morgan Stanley upped their price target on shares of Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. Finally, Evercore reissued a “positive” rating on shares of Realty Income in a research note on Wednesday, February 25th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $66.39.

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.