Russell Investments Group Ltd. Buys 568,944 Shares of Realty Income Corporation $O

Russell Investments Group Ltd. lifted its stake in shares of Realty Income Corporation (NYSE:O) by 38.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,043,391 shares of the real estate investment trust’s stock after purchasing an additional 568,944 shares during the period. Russell Investments Group Ltd.’s holdings in Realty Income were worth $124,209,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Realty Income by 2.5% in 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 purchasing an additional 3,594,127 shares during the last quarter. State Street Corp increased its position in Realty Income by 1.1% in the second quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock worth $3,556,436,000 after buying an additional 676,697 shares during the last quarter. Geode Capital Management LLC increased its position in 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 worth $1,548,687,000 after buying an additional 2,058,031 shares during the last quarter. Dimensional Fund Advisors LP raised its stake 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 buying an additional 433,602 shares during the period. Finally, Raymond James Financial Inc. raised its stake in shares of Realty Income by 5.8% in 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 buying an additional 654,958 shares during the period. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on O. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research note on Monday, December 29th. Freedom Capital cut Realty Income from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Wells Fargo & Company upped their price objective on shares of Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Loop Capital set a $69.00 target price on shares of Realty Income in a research report on Monday, March 2nd. Finally, Stifel Nicolaus lifted their target price on shares of Realty Income from $67.75 to $70.50 and gave the stock a “buy” rating 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $65.61.

Realty Income Trading Down 0.2%

NYSE: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 stock’s fifty day moving average price is $62.32 and its two-hundred day moving average price is $59.73. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $60.49 billion, a P/E ratio of 55.45, a P/E/G ratio of 3.87 and a beta of 0.77.

Realty Income (NYSE:O) last announced its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share 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 during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. As a group, analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.27 per share. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Friday, February 27th. Realty Income’s payout ratio is presently 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.