Mattern Capital Management LLC Sells 47,542 Shares of Realty Income Corporation $O

Mattern Capital Management LLC lowered its position in shares of Realty Income Corporation (NYSE:O) by 34.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 91,836 shares of the real estate investment trust’s stock after selling 47,542 shares during the period. Mattern Capital Management LLC’s holdings in Realty Income were worth $5,619,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of O. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Realty Income during the 1st quarter valued at $435,000. Bryn Mawr Trust Advisors LLC purchased a new stake in shares of Realty Income in the first quarter worth $209,000. J. Safra Sarasin Holding AG raised its position in shares of Realty Income by 6.0% in the first quarter. J. Safra Sarasin Holding AG now owns 1,074,854 shares of the real estate investment trust’s stock worth $65,760,000 after buying an additional 60,389 shares in the last quarter. LGT Fund Management Co Ltd. boosted its stake in Realty Income by 3,427.9% during the first quarter. LGT Fund Management Co Ltd. now owns 139,071 shares of the real estate investment trust’s stock valued at $8,508,000 after buying an additional 135,129 shares during the period. Finally, Diversify Wealth Management LLC boosted its stake in Realty Income by 53.7% during the first quarter. Diversify Wealth Management LLC now owns 80,406 shares of the real estate investment trust’s stock valued at $5,089,000 after buying an additional 28,085 shares during the period. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on O. Robert W. Baird upped their target price on Realty Income from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, July 6th. Stifel Nicolaus set a $70.75 price target on Realty Income in a research report on Tuesday, June 30th. Morgan Stanley set a $67.00 price objective on Realty Income in a report on Monday, April 27th. Mizuho decreased their price objective on shares of Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada upped their price objective on shares of Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Realty Income has a consensus rating of “Hold” and an average price target of $66.65.

Realty Income Stock Performance

NYSE O opened at $64.10 on Tuesday. Realty Income Corporation has a 52-week low of $55.86 and a 52-week high of $67.93. The company has a fifty day moving average of $61.99 and a 200-day moving average of $62.22. The company has a market capitalization of $59.78 billion, a P/E ratio of 52.54, a P/E/G ratio of 4.94 and a beta of 0.72. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56.

Realty Income (NYSE:O) last released its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the firm earned $1.06 earnings per share. 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. As a group, equities research analysts predict that Realty Income Corporation will post 4.45 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a $0.271 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Friday, July 31st. Realty Income’s dividend payout ratio is presently 266.39%.

Key Headlines Impacting Realty Income

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Realty Income expanded its multicurrency unsecured revolving credit facilities to $5.5 billion from $4.0 billion, with an accordion feature that could push capacity to $6.5 billion if lenders commit. Realty Income Recasts and Expands Revolving Credit Facilities to $5.5 Billion and Commercial Paper Programs to $5.5 Billion
• Positive Sentiment: The company also increased its global commercial paper program capacity to $5.5 billion from $3.0 billion, improving short-term liquidity and financing flexibility. Realty Income Recasts and Expands Revolving Credit Facilities to $5.5 Billion and Commercial Paper Programs to $5.5 Billion
• Positive Sentiment: Analysts and market commentary highlighted that the expanded credit lines, longer maturities, and broader currency access could modestly lower borrowing costs and give Realty Income more room to fund its Europe expansion and deal pipeline. How Investors May Respond To Realty Income (O) Expanding Its US$5.5 Billion Multicurrency Credit Capacity
• Neutral Sentiment: Separately, reports said Realty Income may be in talks on a potential UK property financing deal involving Morrisons, which could be viewed as a possible growth opportunity but remains unconfirmed. Morrisons plots £600m deal to fund fightback against Lidl

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.