US Bancorp DE Lowers Holdings in Realty Income Corporation $O

US Bancorp DE decreased its position in shares of Realty Income Corporation (NYSE:O) by 7.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 119,457 shares of the real estate investment trust’s stock after selling 9,228 shares during the quarter. US Bancorp DE’s holdings in Realty Income were worth $7,262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in O. Norges Bank bought a new position in Realty Income during the 2nd quarter worth about $676,500,000. Vanguard Group Inc. boosted its stake in Realty Income by 2.5% in the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock valued at $8,418,907,000 after acquiring an additional 3,624,852 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Realty Income by 8.3% in the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock worth $1,548,687,000 after purchasing an additional 2,058,031 shares in the last quarter. Schroder Investment Management Group grew its stake in Realty Income by 420.0% during the 2nd quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock worth $123,259,000 after buying an additional 1,728,082 shares during the last quarter. Finally, ABN Amro Investment Solutions purchased a new stake in Realty Income in the second quarter valued at about $70,939,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Up 0.8%

O stock opened at $67.11 on Monday. The company has a market capitalization of $62.57 billion, a P/E ratio of 57.36, a price-to-earnings-growth ratio of 3.99 and a beta of 0.79. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $67.94. The firm’s fifty day simple moving average is $61.21 and its 200-day simple moving average is $59.43. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O) last posted its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, meeting 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 $1.49 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. As a group, equities research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $0.27 per share. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, February 27th. Realty Income’s dividend payout ratio (DPR) is 276.92%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on O shares. Royal Bank Of Canada boosted their price target on Realty Income from $61.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Wells Fargo & Company lifted their target price on shares of Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research note on Monday, December 29th. Cantor Fitzgerald 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 Friday. Finally, Stifel Nicolaus boosted their price objective on shares of Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a report on Wednesday, February 25th. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $64.88.

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.