Realty Income Corporation $O Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in Realty Income Corporation (NYSE:O) by 2.8% in the fourth quarter, Holdings Channel reports. The fund owned 29,206,196 shares of the real estate investment trust’s stock after buying an additional 793,100 shares during the period. Geode Capital Management LLC’s holdings in Realty Income were worth $1,655,991,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of O. Brighton Jones LLC raised its holdings in Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock valued at $326,000 after acquiring an additional 615 shares during the last quarter. Bison Wealth LLC acquired a new stake in Realty Income in the 4th quarter valued at about $571,000. Empowered Funds LLC increased its holdings in shares of Realty Income by 8.0% during the 1st quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock worth $1,041,000 after buying an additional 1,330 shares during the last quarter. Woodline Partners LP raised its position in shares of Realty Income by 41.3% during the 1st quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust’s stock valued at $4,289,000 after buying an additional 21,603 shares during the period. Finally, Intech Investment Management LLC raised its position in shares of Realty Income by 14.9% during the 1st quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust’s stock valued at $1,474,000 after buying an additional 3,290 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O stock opened at $61.76 on Friday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 52 week low of $55.52 and a 52 week high of $67.93. The stock has a market capitalization of $57.59 billion, a PE ratio of 50.62, a P/E/G ratio of 4.85 and a beta of 0.75. The firm has a 50 day moving average of $62.51 and a two-hundred day moving average of $61.16.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the company posted $1.06 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, research analysts predict that Realty Income Corporation will post 4.45 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.2705 dividend. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Friday, May 29th. Realty Income’s dividend payout ratio (DPR) is currently 266.39%.

Insider Buying and Selling

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the firm’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total value of $461,908.00. Following the completion of the transaction, the insider owned 67,641 shares of the company’s stock, valued at $4,222,151.22. This trade represents a 9.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

O has been the topic of several analyst reports. Freedom Capital raised shares of Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Wall Street Zen raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Stifel Nicolaus lifted their price target on shares of Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Scotiabank reaffirmed an “outperform” rating on shares of Realty Income in a research report on Tuesday, May 12th. Finally, Cantor Fitzgerald lifted their price target on shares of Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Realty Income has an average rating of “Hold” and a consensus target price of $67.35.

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.