Securian Asset Management Inc. Sells 19,141 Shares of Realty Income Corporation $O

Securian Asset Management Inc. lowered its stake in Realty Income Corporation (NYSE:O) by 43.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 25,014 shares of the real estate investment trust’s stock after selling 19,141 shares during the quarter. Securian Asset Management Inc.’s holdings in Realty Income were worth $1,410,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Realty Income by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock valued at $8,478,910,000 after buying an additional 684,949 shares in the last quarter. State Street Corp raised its position in shares of Realty Income by 2.1% in the 3rd quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock worth $3,831,526,000 after purchasing an additional 1,295,936 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Realty Income by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 12,671,171 shares of the real estate investment trust’s stock worth $770,273,000 after buying an additional 433,602 shares during the last quarter. Raymond James Financial Inc. raised its position in Realty Income by 1.5% in the 3rd quarter. Raymond James Financial Inc. now owns 12,186,943 shares of the real estate investment trust’s stock worth $740,844,000 after buying an additional 175,102 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Realty Income by 0.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 3,970,350 shares of the real estate investment trust’s stock worth $241,357,000 after buying an additional 16,855 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Key Stories Impacting Realty Income

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

• Positive Sentiment: Scotiabank raised its price target on Realty Income (O) to $72 and kept a sector outperform rating, signaling more upside potential for the shares.
• Positive Sentiment: Freedom Capital upgraded Realty Income (O) from hold to strong-buy, adding to the bullish analyst sentiment around the REIT.
• Positive Sentiment: Realty Income’s first-quarter operating results showed net income of $311.8 million, or $0.33 per share, while adjusted funds from operations per share rose 6.6%, supporting the company’s dividend-focused investment case. Article Title
• Neutral Sentiment: Several dividend-income articles referenced Realty Income as a popular monthly income stock, which may keep it on investors’ radar but does not appear to be a major new fundamental catalyst.

Analysts Set New Price Targets

A number of brokerages have weighed in on O. Mizuho boosted their target price on Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a research report on Friday, April 10th. Scotiabank reissued an “outperform” rating on shares of Realty Income in a research report on Tuesday. Cantor Fitzgerald boosted their target price on Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. Finally, Barclays boosted their target price on Realty Income from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average price target of $67.50.

Realty Income Price Performance

NYSE O opened at $62.52 on Wednesday. Realty Income Corporation has a 52 week low of $54.38 and a 52 week high of $67.93. The firm has a market capitalization of $58.30 billion, a P/E ratio of 51.24, a PEG ratio of 4.24 and a beta of 0.75. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The company has a 50-day moving average price of $63.30 and a 200-day moving average price of $60.83.

Realty Income (NYSE:O) last released its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.Realty Income’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Equities research analysts anticipate that Realty Income Corporation will post 4.43 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be given a $0.2705 dividend. The ex-dividend date is Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 5.2%. Realty Income’s dividend payout ratio is presently 266.39%.

Insider Activity

In related news, insider Michelle Bushore sold 7,400 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total transaction of $461,908.00. Following the completion of the transaction, the insider directly owned 67,641 shares in the company, valued at approximately $4,222,151.22. The trade was a 9.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

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.