SEB Asset Management AB Acquires New Position in Realty Income Corporation $O

SEB Asset Management AB bought a new position in shares of Realty Income Corporation (NYSE:O) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 186,359 shares of the real estate investment trust’s stock, valued at approximately $11,401,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Swiss National Bank raised its holdings in shares of Realty Income by 7.8% during the first quarter. Swiss National Bank now owns 2,699,694 shares of the real estate investment trust’s stock worth $165,167,000 after purchasing an additional 194,200 shares during the last quarter. Valley Wealth Managers Inc. boosted its holdings in Realty Income by 0.9% in the first quarter. Valley Wealth Managers Inc. now owns 76,225 shares of the real estate investment trust’s stock valued at $4,663,000 after purchasing an additional 692 shares during the last quarter. ANB Bank grew its position in Realty Income by 9.5% during the 1st quarter. ANB Bank now owns 7,471 shares of the real estate investment trust’s stock worth $457,000 after purchasing an additional 647 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its position in Realty Income by 41.8% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 3,448 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 1,017 shares during the period. Finally, Kesler Norman & Wride LLC raised its stake in shares of Realty Income by 1.0% during the 1st quarter. Kesler Norman & Wride LLC now owns 31,118 shares of the real estate investment trust’s stock valued at $1,904,000 after buying an additional 310 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Down 0.9%

NYSE:O opened at $65.13 on Tuesday. Realty Income Corporation has a 52 week low of $55.86 and a 52 week high of $67.93. The stock’s fifty day moving average is $62.19 and its two-hundred day moving average is $62.51. The stock has a market capitalization of $60.73 billion, a price-to-earnings ratio of 53.38, a price-to-earnings-growth ratio of 5.13 and a beta of 0.72. The company has a quick ratio of 1.56, a current 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 the consensus estimate of $1.10 by $0.03. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Research analysts anticipate that Realty Income Corporation will post 4.45 EPS for the current year.

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be paid a dividend of $0.271 per share. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a yield of 5.0%. Realty Income’s dividend payout ratio (DPR) is 266.39%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on O. Barclays boosted their target price on shares of Realty Income from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. Robert W. Baird lifted their price objective on shares of Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, July 6th. Scotiabank decreased their price objective on shares of Realty Income from $72.00 to $67.00 and set a “sector outperform” rating for the company in a research report on Thursday, June 18th. Freedom Capital raised shares of Realty Income from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Finally, Huntington began coverage on Realty Income in a research report on Wednesday, July 15th. They set an “outperform” rating and a $70.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Realty Income has an average rating of “Hold” and a consensus price target of $67.17.

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.