Lasalle Investment Management Securities LLC Decreases Stock Holdings in Realty Income Corporation $O

Lasalle Investment Management Securities LLC decreased its position in Realty Income Corporation (NYSE:O) by 48.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 741,120 shares of the real estate investment trust’s stock after selling 710,422 shares during the quarter. Realty Income makes up 1.7% of Lasalle Investment Management Securities LLC’s investment portfolio, making the stock its 24th largest position. Lasalle Investment Management Securities LLC’s holdings in Realty Income were worth $41,777,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Realty Income by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock valued at $8,478,910,000 after acquiring an additional 684,949 shares during the period. State Street Corp increased its position in shares of Realty Income by 2.1% in the third quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock valued at $3,831,526,000 after acquiring an additional 1,295,936 shares during the period. Geode Capital Management LLC increased its position in shares of Realty Income by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock valued at $1,655,991,000 after acquiring an additional 793,100 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Realty Income by 3.5% in the third quarter. Dimensional Fund Advisors LP now owns 12,671,171 shares of the real estate investment trust’s stock valued at $770,273,000 after acquiring an additional 433,602 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of Realty Income by 1.5% in the third quarter. Raymond James Financial Inc. now owns 12,186,943 shares of the real estate investment trust’s stock valued at $740,844,000 after acquiring an additional 175,102 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of Realty Income stock opened at $61.31 on Monday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $57.17 billion, a P/E ratio of 50.25, a P/E/G ratio of 4.78 and a beta of 0.73. The business has a fifty day simple moving average of $62.48 and a two-hundred day simple moving average of $61.19. Realty Income Corporation has a 12 month low of $55.52 and a 12 month high of $67.93.

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

Realty Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $0.2705 dividend. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, May 29th. Realty Income’s payout ratio is currently 266.39%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Cantor Fitzgerald raised their price target on Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, February 27th. Barclays raised their price target on Realty Income from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 21st. Mizuho dropped their price target on Realty Income from $68.00 to $66.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Evercore reaffirmed a “positive” rating on shares of Realty Income in a research note on Wednesday, February 25th. Finally, Royal Bank Of Canada raised their price target on Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $67.35.

Insider Activity

In other news, insider Michelle Bushore sold 7,400 shares of Realty Income stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total value of $461,908.00. Following the completion of the transaction, the insider owned 67,641 shares of the company’s stock, valued at $4,222,151.22. The trade was a 9.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

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.