LGT Fund Management Co Ltd. Has $8.51 Million Holdings in Realty Income Corporation $O

LGT Fund Management Co Ltd. grew its holdings in shares of Realty Income Corporation (NYSE:O) by 3,427.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,071 shares of the real estate investment trust’s stock after buying an additional 135,129 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Realty Income were worth $8,508,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in O. Vanguard Group Inc. grew its position in Realty Income by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock worth $8,478,910,000 after purchasing an additional 684,949 shares in the last quarter. Pensionfund PDN purchased a new stake in Realty Income in the 4th quarter valued at about $7,434,000. LDR Capital Management LLC lifted its position in shares of Realty Income by 117.6% during the 4th quarter. LDR Capital Management LLC now owns 29,285 shares of the real estate investment trust’s stock worth $1,651,000 after buying an additional 15,825 shares in the last quarter. Danske Bank A S lifted its position in shares of Realty Income by 20.3% during the 4th quarter. Danske Bank A S now owns 568,121 shares of the real estate investment trust’s stock worth $32,025,000 after buying an additional 95,773 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake in shares of Realty Income by 8.2% in the 4th quarter. Sound Income Strategies LLC now owns 352,918 shares of the real estate investment trust’s stock worth $21,676,000 after buying an additional 26,890 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on O. UBS Group set a $67.00 target price on Realty Income in a report on Thursday, June 18th. Scotiabank dropped their price target on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a report on Thursday, June 18th. Robert W. Baird upped their price objective on Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, July 6th. Stifel Nicolaus set a $70.75 target price on Realty Income in a research report on Tuesday, June 30th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Realty Income in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $66.65.

Realty Income Stock Performance

Shares of NYSE O traded up $0.17 during trading on Friday, reaching $63.34. 4,597,047 shares of the stock traded hands, compared to its average volume of 5,851,800. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market capitalization of $59.07 billion, a P/E ratio of 51.92, a price-to-earnings-growth ratio of 4.94 and a beta of 0.72. Realty Income Corporation has a 52-week low of $55.86 and a 52-week high of $67.93. The company has a 50-day moving average of $61.99 and a 200-day moving average of $62.13.

Realty Income (NYSE:O) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm posted $1.06 EPS. The firm’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. Analysts forecast that Realty Income Corporation will post 4.45 EPS for the current fiscal 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) annualized dividend and a dividend yield of 5.1%. Realty Income’s dividend payout ratio (DPR) is presently 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.