USS Investment Management Ltd Boosts Stake in Realty Income Corporation $O

USS Investment Management Ltd raised its holdings in Realty Income Corporation (NYSE:O) by 7.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 177,730 shares of the real estate investment trust’s stock after purchasing an additional 12,217 shares during the period. USS Investment Management Ltd’s holdings in Realty Income were worth $10,021,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in O. Stance Capital LLC purchased a new stake in Realty Income in the third quarter valued at $27,000. Evolution Wealth Management Inc. raised its position in 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 during the period. Quattro Advisors LLC purchased a new stake in Realty Income in the fourth quarter valued at $29,000. Ameriflex Group Inc. raised its position in Realty Income by 68.7% in the third quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 215 shares during the period. Finally, FNY Investment Advisers LLC raised its holdings in shares of Realty Income by 622.2% in the 4th quarter. FNY Investment Advisers LLC now owns 650 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 560 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Scotiabank reiterated an “outperform” rating on shares of Realty Income in a report on Tuesday, May 12th. Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Cantor Fitzgerald boosted their price objective on Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, February 27th. Morgan Stanley set a $67.00 price objective on Realty Income in a report on Monday, April 27th. Finally, Barclays boosted their price objective on Realty Income from $65.00 to $68.00 and gave the company an “equal weight” rating in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average price target of $67.46.

Insiders Place Their Bets

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the company’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total transaction of $461,908.00. Following the sale, the insider owned 67,641 shares in the company, valued at $4,222,151.22. This represents a 9.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is currently owned by company insiders.

Realty Income Price Performance

Shares of NYSE O opened at $62.11 on Tuesday. The stock’s 50-day moving average is $62.43 and its two-hundred day moving average is $61.51. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. Realty Income Corporation has a 1-year low of $55.86 and a 1-year high of $67.93. The company has a market cap of $57.92 billion, a price-to-earnings ratio of 50.91, a price-to-earnings-growth ratio of 4.91 and a beta of 0.73.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping 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 company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the business earned $1.06 EPS. Realty Income’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 forecast that Realty Income Corporation will post 4.44 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.271 per share. This is a positive change from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a yield of 5.2%. Realty Income’s dividend payout ratio (DPR) is currently 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.