Pacer Advisors Inc. Has $5.18 Million Stock Position in Realty Income Corporation $O

Pacer Advisors Inc. boosted its holdings in Realty Income Corporation (NYSE:O) by 25.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 91,845 shares of the real estate investment trust’s stock after purchasing an additional 18,916 shares during the period. Pacer Advisors Inc.’s holdings in Realty Income were worth $5,177,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. EFG International AG bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $26,000. Stance Capital LLC bought a new position in Realty Income during the third quarter worth $27,000. Evolution Wealth Management Inc. increased its position in Realty Income by 257.1% during the fourth quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 360 shares during the period. Quattro Advisors LLC acquired a new position in Realty Income during the 4th quarter valued at $29,000. Finally, Ameriflex Group Inc. raised its stake in Realty Income by 68.7% during the 3rd 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 during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Price Performance

Shares of Realty Income stock opened at $60.55 on Tuesday. The firm has a market cap of $56.46 billion, a P/E ratio of 49.63, a price-to-earnings-growth ratio of 4.71 and a beta of 0.72. The firm’s 50-day simple moving average is $62.27 and its 200-day simple moving average is $61.63. Realty Income Corporation has a twelve month low of $55.86 and a twelve month high of $67.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.39 billion. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, research analysts expect that Realty Income Corporation will post 4.44 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.271 dividend. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 5.4%. This is an increase from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio is currently 266.39%.

Insider Activity

In other news, insider Michelle Bushore sold 7,400 shares of the 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 transaction, the insider directly owned 67,641 shares of the company’s stock, valued at approximately $4,222,151.22. This represents a 9.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a research report on Friday, April 10th. Freedom Capital raised shares of Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Morgan Stanley set a $67.00 target price on shares of Realty Income in a research note on Monday, April 27th. Barclays lifted their target price 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. Finally, Loop Capital set a $69.00 price target on Realty Income in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.75.

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.