Realty Income Corporation $O Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in Realty Income Corporation (NYSE:O) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,859,975 shares of the real estate investment trust’s stock after selling 83,539 shares during the quarter. Principal Financial Group Inc.’s holdings in Realty Income were worth $113,793,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Stance Capital LLC acquired a new stake in shares of Realty Income in the third quarter valued at $27,000. EFG International AG acquired a new position in Realty Income during the 4th quarter worth about $26,000. Evolution Wealth Management Inc. lifted its stake in Realty Income by 257.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 360 shares in the last quarter. Quattro Advisors LLC purchased a new position in Realty Income during the 4th quarter valued at about $29,000. Finally, Sankala Group LLC purchased a new position in Realty Income during the 4th quarter valued at about $32,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Price Performance

Shares of NYSE O opened at $63.29 on Thursday. The stock’s 50-day moving average is $61.98 and its two-hundred day moving average is $62.32. 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 $59.02 billion, a price-to-earnings ratio of 51.88, a price-to-earnings-growth ratio of 4.97 and a beta of 0.72.

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 (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.06 EPS. 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 Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on O shares. Royal Bank Of Canada boosted their price target on shares of Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Wells Fargo & Company raised their price objective on shares of Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday. Jefferies Financial Group initiated coverage on shares of Realty Income in a report on Monday, June 1st. They issued a “buy” rating and a $69.00 price objective for the company. Mizuho cut their target price on shares of Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Finally, UBS Group set a $67.00 target price on shares of Realty Income in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $67.17.

More Realty Income News

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

• Positive Sentiment: Realty Income was initiated by Huntington with an “outperform” rating and a $70 price target, signaling meaningful upside from current levels. Huntington coverage
• Positive Sentiment: Wells Fargo raised its price target on O from $64 to $65, reinforcing a positive outlook even though it kept an “equal weight” rating. Wells Fargo price target raise
• Positive Sentiment: A cooler-than-expected June CPI report reduced expectations for additional rate hikes, which is favorable for rate-sensitive REITs like Realty Income because lower rates can improve financing conditions and boost income-investor demand. CPI article
• Neutral Sentiment: Realty Income also drew attention in several dividend-income and “safe yield” articles, which may keep the stock on investors’ radar, but these pieces are mostly promotional and do not add new company-specific fundamentals. Dividend stock article
• Neutral Sentiment: Recent coverage also highlighted Realty Income’s improved liquidity, including larger revolving credit facilities and commercial paper capacity, which supports growth and balance-sheet flexibility. Liquidity article

Realty Income Company 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.