Crossmark Global Holdings Inc. Raises Stock Holdings in Realty Income Corporation $O

Crossmark Global Holdings Inc. grew its stake in Realty Income Corporation (NYSE:O) by 43.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,841 shares of the real estate investment trust’s stock after buying an additional 15,037 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Realty Income were worth $2,810,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in 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 worth $8,478,910,000 after buying an additional 684,949 shares in the last quarter. State Street Corp increased its position in 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 worth $3,831,526,000 after buying an additional 1,295,936 shares in the last quarter. Dimensional Fund Advisors LP increased its position in 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 worth $770,273,000 after buying an additional 433,602 shares in the last quarter. Raymond James Financial Inc. increased its position in 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 worth $740,844,000 after buying an additional 175,102 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Realty Income by 0.4% in the third quarter. Daiwa Securities Group Inc. now owns 3,970,350 shares of the real estate investment trust’s stock worth $241,357,000 after buying an additional 16,855 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on O shares. Barclays upped their price target on Realty Income from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada increased their target price on Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. UBS Group increased their target price on Realty Income from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Morgan Stanley set a $67.00 target price on Realty Income in a research report on Monday, April 27th. Six research analysts have rated the stock with a Buy rating, eight 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 an average rating of “Hold” and a consensus target price of $67.27.

Insider Activity

In other news, insider Michelle Bushore sold 7,400 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider directly owned 67,641 shares of the company’s stock, valued at $4,222,151.22. This trade represents a 9.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by insiders.

Realty Income Price Performance

Shares of Realty Income stock opened at $62.28 on Tuesday. The stock has a 50 day moving average of $63.39 and a 200 day moving average of $60.82. Realty Income Corporation has a 12 month low of $54.38 and a 12 month high of $67.93. The firm has a market cap of $58.07 billion, a PE ratio of 51.05, a PEG ratio of 4.21 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 results on Wednesday, May 6th. The real estate investment trust reported $1.13 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 company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the company earned $1.06 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, research analysts expect that Realty Income Corporation will post 4.43 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be paid a $0.2705 dividend. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Thursday, April 30th. Realty Income’s dividend payout ratio (DPR) is presently 266.39%.

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.