Realty Income Corporation $O Shares Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. raised its stake in shares of Realty Income Corporation (NYSE:O) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 120,776 shares of the real estate investment trust’s stock after acquiring an additional 11,238 shares during the period. Rakuten Investment Management Inc.’s holdings in Realty Income were worth $6,861,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Stance Capital LLC acquired a new stake in shares of Realty Income during the third quarter valued at about $27,000. Evolution Wealth Management Inc. increased its position in shares of Realty Income by 257.1% during the fourth quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 360 shares during the last quarter. Quattro Advisors LLC acquired a new stake in shares of Realty Income during the fourth quarter valued at about $29,000. Ameriflex Group Inc. increased its position in shares of Realty Income by 68.7% during the third quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 215 shares during the last quarter. Finally, FNY Investment Advisers LLC increased its position in shares of Realty Income by 622.2% during the fourth quarter. FNY Investment Advisers LLC now owns 650 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 560 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Down 0.0%

Realty Income stock opened at $62.11 on Wednesday. Realty Income Corporation has a twelve month low of $55.86 and a twelve month high of $67.93. The stock’s fifty day simple moving average is $62.43 and its 200-day simple moving average is $61.55. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $57.92 billion, a P/E ratio of 50.91, a P/E/G ratio of 4.86 and a beta of 0.73.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping 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 analyst estimates of $1.39 billion. During the same quarter in the prior year, the company earned $1.06 earnings per share. The company’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 analysts expect that Realty Income Corporation will post 4.44 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.271 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 5.2%. This is an increase from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio is 266.39%.

Analyst Ratings Changes

O has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Realty Income in a research report on Friday, April 10th. Royal Bank Of Canada increased their target price on Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Scotiabank reissued an “outperform” rating on shares of Realty Income in a research note on Tuesday, May 12th. Morgan Stanley set a $67.00 target price on Realty Income in a research note on Monday, April 27th. Finally, Wall Street Zen raised Realty Income from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average target price of $67.46.

Insider Transactions at Realty Income

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total value of $461,908.00. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by corporate insiders.

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.