Korea Investment CORP Grows Position in Realty Income Corporation $O

Korea Investment CORP lifted its position in Realty Income Corporation (NYSE:O) by 6.2% during the 3rd quarter, Holdings Channel reports. The firm owned 599,920 shares of the real estate investment trust’s stock after acquiring an additional 35,042 shares during the period. Korea Investment CORP’s holdings in Realty Income were worth $36,469,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in O. Vanguard Group Inc. boosted its position in Realty Income by 2.5% during the 3rd 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 buying an additional 3,594,127 shares during the period. State Street Corp grew its holdings in Realty Income by 1.1% in the 2nd quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock worth $3,556,436,000 after acquiring an additional 676,697 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Realty Income by 8.3% in the second quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after acquiring an additional 2,058,031 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Realty Income by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 12,671,171 shares of the real estate investment trust’s stock valued at $770,273,000 after acquiring an additional 433,602 shares during the period. Finally, Raymond James Financial Inc. raised its stake in shares of Realty Income by 5.8% during the second quarter. Raymond James Financial Inc. now owns 12,011,841 shares of the real estate investment trust’s stock valued at $692,002,000 after acquiring an additional 654,958 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Morgan Stanley increased their target price on shares of Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Wells Fargo & Company upped their price target on Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Barclays increased their price objective on Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research report on Monday, December 29th. Finally, UBS Group boosted their target price on Realty Income from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Monday. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus price target of $65.61.

Realty Income Trading Down 0.2%

Shares of O opened at $64.87 on Tuesday. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $67.93. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72. The firm’s 50-day moving average price is $62.32 and its 200-day moving average price is $59.73. The firm has a market capitalization of $60.49 billion, a price-to-earnings ratio of 55.45, a PEG ratio of 3.87 and a beta of 0.77.

Realty Income (NYSE:O) last released its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.08. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. Realty Income’s 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. Sell-side analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 5.0%. Realty Income’s dividend payout ratio is currently 276.92%.

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.