Candriam S.C.A. Grows Position in Realty Income Corporation $O

Candriam S.C.A. grew its stake in shares of Realty Income Corporation (NYSE:O) by 108.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 142,512 shares of the real estate investment trust’s stock after purchasing an additional 74,253 shares during the quarter. Candriam S.C.A.’s holdings in Realty Income were worth $8,719,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Costello Asset Management INC increased its stake in shares of Realty Income by 201.2% in the first quarter. Costello Asset Management INC now owns 1,967 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 1,314 shares during the period. Hsbc Holdings PLC boosted its position in Realty Income by 4.8% during the 1st quarter. Hsbc Holdings PLC now owns 4,145,348 shares of the real estate investment trust’s stock valued at $253,669,000 after buying an additional 189,489 shares during the period. Peterson Wealth Services boosted its position in Realty Income by 7.4% during the 1st quarter. Peterson Wealth Services now owns 35,791 shares of the real estate investment trust’s stock valued at $2,190,000 after buying an additional 2,465 shares during the period. Kestra Advisory Services LLC grew its holdings in Realty Income by 9.1% in the 1st quarter. Kestra Advisory Services LLC now owns 214,204 shares of the real estate investment trust’s stock worth $13,163,000 after acquiring an additional 17,915 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. grew its holdings in Realty Income by 8.7% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 637,435 shares of the real estate investment trust’s stock worth $38,984,000 after acquiring an additional 51,224 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Barclays boosted their price objective on shares of Realty Income from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a research note on Wednesday. Scotiabank reduced their price target on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a report on Thursday, June 18th. Stifel Nicolaus set a $70.75 price target on Realty Income in a report on Tuesday, June 30th. Finally, Jefferies Financial Group assumed coverage on Realty Income in a research report on Monday, June 1st. They set a “buy” rating and a $69.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $66.65.

Realty Income Price Performance

Shares of NYSE O opened at $63.34 on Monday. The company has a 50 day simple moving average of $61.99 and a two-hundred day simple moving average of $62.17. Realty Income Corporation has a fifty-two week low of $55.86 and a fifty-two week high of $67.93. The company has a market capitalization of $59.06 billion, a price-to-earnings ratio of 51.92, 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 issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. The firm had revenue of $1.55 billion for 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 revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Analysts expect that Realty Income Corporation will post 4.45 EPS for the current fiscal year.

Realty Income Announces Dividend

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

About Realty Income

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.