Davis Selected Advisers Boosts Holdings in Realty Income Corporation $O

Davis Selected Advisers raised its position in Realty Income Corporation (NYSE:O) by 91.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,580 shares of the real estate investment trust’s stock after acquiring an additional 44,710 shares during the period. Davis Selected Advisers’ holdings in Realty Income were worth $5,689,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in O. Stance Capital LLC purchased a new stake in Realty Income in the third quarter valued at about $27,000. Heartwood Wealth Advisors LLC purchased a new stake in shares of Realty Income during the third quarter worth about $29,000. Strengthening Families & Communities LLC grew its stake in shares of Realty Income by 586.1% during the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 422 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Realty Income during the second quarter valued at about $31,000. Finally, Country Trust Bank increased its holdings in shares of Realty Income by 806.5% during the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 500 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on O. UBS Group lifted their target price on shares of Realty Income from $66.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, March 9th. Stifel Nicolaus upped their price target on shares of Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Tuesday, January 20th. Mizuho lifted their price objective on shares of Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 11th. Finally, Morgan Stanley boosted their price objective on shares of Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $66.39.

Realty Income Price Performance

Shares of NYSE O opened at $63.00 on Thursday. The business’s 50 day moving average price is $63.34 and its 200 day moving average price is $60.01. The firm has a market cap of $58.74 billion, a P/E ratio of 53.85, a P/E/G ratio of 4.74 and a beta of 0.77. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $67.93. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.08. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the firm posted $1.05 EPS. Realty Income’s revenue for the quarter was up 11.0% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. On average, sell-side analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.2705 per share. This represents a c) annualized dividend and a dividend yield of 5.2%. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, March 31st. Realty Income’s dividend payout ratio is 276.92%.

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.