Realty Income Corporation $O Shares Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. boosted its stake in Realty Income Corporation (NYSE:O) by 10.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 120,776 shares of the real estate investment trust’s stock after acquiring an additional 11,238 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Realty Income were worth $6,861,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in O. Norges Bank acquired a new position in shares of Realty Income during the fourth quarter valued at approximately $558,775,000. Vanguard Group Inc. raised its holdings in shares of Realty Income by 2.5% during the third quarter. Vanguard Group Inc. now owns 149,730,338 shares of the real estate investment trust’s stock valued at $9,102,107,000 after acquiring an additional 3,594,127 shares during the last quarter. Morgan Stanley raised its holdings in shares of 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 valued at $1,031,080,000 after acquiring an additional 3,252,091 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Realty Income by 45.1% during the fourth quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock valued at $281,792,000 after acquiring an additional 1,554,726 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Realty Income by 2.1% during the third quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock valued at $3,831,526,000 after acquiring an additional 1,295,936 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity

In related news, insider Michelle Bushore sold 7,400 shares of the company’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 in the company, valued at approximately $4,222,151.22. This represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on O. Cantor Fitzgerald increased their target price on Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, February 27th. Scotiabank restated an “outperform” rating on shares of Realty Income in a research report on Tuesday, May 12th. Evercore restated a “positive” rating on shares of Realty Income in a research report on Wednesday, February 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a research report on Friday, April 10th. Finally, Morgan Stanley set a $67.00 price target on shares of Realty Income in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $67.46.

Realty Income Stock Down 0.0%

Shares of O opened at $62.11 on Wednesday. Realty Income Corporation has a 52-week low of $55.86 and a 52-week high of $67.93. The company has a market capitalization of $57.92 billion, a PE ratio of 50.91, a price-to-earnings-growth ratio of 4.86 and a beta of 0.73. The stock has a fifty day simple moving average of $62.43 and a two-hundred day simple moving average of $61.55. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the company earned $1.06 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, equities analysts forecast that Realty Income Corporation will post 4.44 EPS for the current year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.271 dividend. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. Realty Income’s dividend payout ratio is 266.39%.

Realty Income 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.