Realty Income Corporation $O Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in shares of Realty Income Corporation (NYSE:O) by 1.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 5,451,265 shares of the real estate investment trust’s stock after selling 107,769 shares during the period. Bank of New York Mellon Corp’s holdings in Realty Income were worth $333,508,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of O. EFG International AG purchased a new position in Realty Income during the 4th quarter valued at about $26,000. Evolution Wealth Management Inc. lifted its holdings in shares of Realty Income by 257.1% in the fourth quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 360 shares in the last quarter. Quattro Advisors LLC purchased a new stake in shares of Realty Income in the fourth quarter valued at about $29,000. Sankala Group LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at approximately $32,000. Finally, FNY Investment Advisers LLC grew its position in shares of Realty Income by 622.2% in the fourth quarter. FNY Investment Advisers LLC now owns 650 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 560 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on O shares. Royal Bank Of Canada increased their price target on Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Huntington started coverage on Realty Income in a report on Wednesday. They issued an “outperform” rating and a $70.00 price objective on the stock. UBS Group set a $67.00 price objective on Realty Income in a research note on Thursday, June 18th. Barclays upped their target price on Realty Income from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and a consensus price target of $67.17.

Realty Income Trading Down 0.1%

Shares of O opened at $65.70 on Friday. The business’s 50-day moving average price is $62.13 and its 200 day moving average price is $62.41. The stock has a market capitalization of $61.26 billion, a P/E ratio of 53.85, a P/E/G ratio of 5.13 and a beta of 0.72. Realty Income Corporation has a 1-year low of $55.86 and a 1-year high of $67.93. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) 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 business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the company earned $1.06 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Analysts expect that Realty Income Corporation will post 4.45 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a $0.271 dividend. The ex-dividend date is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. Realty Income’s dividend payout ratio (DPR) 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.