Realty Income Corporation $O Position Increased by State Street Corp

State Street Corp grew its holdings in shares of Realty Income Corporation (NYSE:O) by 3.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,929,425 shares of the real estate investment trust’s stock after purchasing an additional 2,166,180 shares during the period. State Street Corp owned 0.07% of Realty Income worth $4,102,484,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Dunhill Financial LLC bought a new stake in shares of Realty Income during the 2nd quarter valued at about $27,000. Evolution Wealth Management Inc. lifted its holdings in Realty Income by 257.1% in the fourth 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 during the last quarter. Sankala Group LLC bought a new position in Realty Income in the fourth quarter worth about $32,000. Fiduciary Financial Advisors bought a new position in Realty Income in the second quarter worth about $36,000. Finally, Canton Hathaway LLC acquired a new position in Realty Income in the first quarter valued at approximately $40,000. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on O shares. Barclays lowered their target price on Realty Income from $67.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, September 4th. Royal Bank Of Canada reduced their price objective on Realty Income from $71.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. UBS Group set a $67.00 price objective on Realty Income in a research note on Thursday, June 18th. Huntington initiated coverage on Realty Income in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $70.00 target price on the stock. Finally, Jefferies Financial Group initiated coverage on Realty Income in a research note on Monday, June 1st. They issued a “buy” rating and a $69.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.73.

Realty Income Stock Performance

Shares of O traded up $0.11 during mid-day trading on Tuesday, reaching $56.76. 2,472,650 shares of the company’s stock traded hands, compared to its average volume of 6,111,563. Realty Income Corporation has a 12 month low of $55.86 and a 12 month high of $67.93. The stock has a market capitalization of $53.71 billion, a P/E ratio of 41.48, a price-to-earnings-growth ratio of 4.03 and a beta of 0.71. The business’s 50-day moving average price is $62.30 and its 200-day moving average price is $62.46. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.88 and a current ratio of 5.88.

Realty Income (NYSE:O) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, meeting the consensus estimate of $1.09. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Equities analysts predict that Realty Income Corporation will post 4.42 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.2715 per share. This is an increase from Realty Income’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Wednesday, September 30th. Realty Income’s dividend payout ratio (DPR) is presently 237.23%.

Realty Income Profile

Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily uses long-term, single-tenant, net lease agreements, under which tenants generally assume responsibility for property-level expenses such as maintenance, insurance and taxes.

Its portfolio includes retail, industrial, distribution, office, gaming and other commercial properties. Realty Income serves a broad range of tenants, including convenience stores, grocery stores, pharmacies, home improvement retailers, restaurants, logistics operators and other established businesses.