31,008 Shares in Realty Income Corporation $O Bought by North Dakota State Investment Board

North Dakota State Investment Board purchased a new stake in shares of Realty Income Corporation (NYSE:O) during the fourth quarter, Holdings Channel reports. The firm purchased 31,008 shares of the real estate investment trust’s stock, valued at approximately $1,748,000.

A number of other large investors have also added to or reduced their stakes in O. Stance Capital LLC purchased a new stake in Realty Income during the third quarter valued at about $27,000. Strengthening Families & Communities LLC raised its position in 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 valued at $30,000 after purchasing an additional 422 shares in the last quarter. Ameriflex Group Inc. raised its position in Realty Income by 68.7% during the third quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 215 shares in the last quarter. FNY Investment Advisers LLC raised its position in Realty Income by 622.2% during the fourth quarter. FNY Investment Advisers LLC now owns 650 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 560 shares in the last quarter. Finally, Costello Asset Management INC purchased a new stake in Realty Income during the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 0.6%

Shares of NYSE:O opened at $62.10 on Wednesday. The stock’s 50-day moving average price is $62.87 and its 200-day moving average price is $60.91. Realty Income Corporation has a 12-month low of $54.64 and a 12-month high of $67.93. The stock has a market capitalization of $57.91 billion, a P/E ratio of 50.90, a price-to-earnings-growth ratio of 4.81 and a beta of 0.75. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the firm earned $1.06 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, equities analysts anticipate that Realty Income Corporation will post 4.45 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.2705 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, May 29th. Realty Income’s dividend payout ratio (DPR) is 266.39%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on O shares. Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Deutsche Bank Aktiengesellschaft upgraded Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Tuesday, January 20th. UBS Group raised their price target on Realty Income from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a research report on Friday, April 10th. Finally, Morgan Stanley set a $67.00 price target on Realty Income in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $67.35.

Insider Activity

In other news, insider Michelle Bushore sold 7,400 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total transaction of $461,908.00. Following the transaction, the insider directly owned 67,641 shares of the company’s stock, valued at approximately $4,222,151.22. This trade represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

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.