Manning & Napier Advisors LLC Sells 10,000 Shares of Realty Income Corporation $O

Manning & Napier Advisors LLC trimmed its holdings in shares of Realty Income Corporation (NYSE:O) by 5.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,540 shares of the real estate investment trust’s stock after selling 10,000 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Realty Income were worth $10,495,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Realty Income in the 4th quarter valued at $558,775,000. Morgan Stanley raised its stake in shares of Realty Income by 21.6% during the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock worth $1,031,080,000 after purchasing an additional 3,252,091 shares during the period. Deutsche Bank AG boosted its holdings in shares of Realty Income by 45.1% in the 4th quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock worth $281,792,000 after buying an additional 1,554,726 shares during the last quarter. State Street Corp boosted its holdings in shares of Realty Income by 2.1% in the 3rd quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock worth $3,831,526,000 after buying an additional 1,295,936 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Realty Income by 8.3% during the fourth quarter. Legal & General Group Plc now owns 10,699,509 shares of the real estate investment trust’s stock valued at $603,131,000 after buying an additional 823,489 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

Realty Income stock traded up $0.17 during midday trading on Friday, reaching $63.34. The stock had a trading volume of 4,597,047 shares, compared to its average volume of 5,851,800. The firm has a market capitalization of $59.06 billion, a PE ratio of 51.92, a P/E/G ratio of 4.93 and a beta of 0.72. Realty Income Corporation has a 12 month low of $55.86 and a 12 month high of $67.93. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm’s 50-day moving average price is $61.99 and its 200 day moving average price is $62.13.

Realty Income (NYSE:O) last issued its earnings results 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. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.39 billion. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business earned $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, research analysts predict that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a $0.271 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a yield of 5.1%. Realty Income’s dividend payout ratio (DPR) is 266.39%.

Analyst Upgrades and Downgrades

O has been the subject of a number of research analyst reports. Stifel Nicolaus set a $70.75 price objective on shares of Realty Income in a report on Tuesday, June 30th. UBS Group set a $67.00 target price on shares of Realty Income in a research report on Thursday, June 18th. Robert W. Baird raised their price target on shares of Realty Income from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, July 6th. Morgan Stanley set a $67.00 price target on shares of Realty Income in a report on Monday, April 27th. Finally, Scotiabank dropped their price objective on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $66.65.

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.