Manning & Napier Advisors LLC Sells 10,000 Shares of Realty Income Corporation $O

Manning & Napier Advisors LLC decreased its stake in shares of Realty Income Corporation (NYSE:O) by 5.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 171,540 shares of the real estate investment trust’s stock after selling 10,000 shares during the period. Manning & Napier Advisors LLC’s holdings in Realty Income were worth $10,495,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Realty Income by 0.5% during the 4th 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 purchasing an additional 684,949 shares during the last quarter. Pensionfund PDN bought a new stake in Realty Income in the 4th quarter worth approximately $7,434,000. LDR Capital Management LLC lifted its position in Realty Income by 117.6% in the 4th quarter. LDR Capital Management LLC now owns 29,285 shares of the real estate investment trust’s stock worth $1,651,000 after buying an additional 15,825 shares during the last quarter. Danske Bank A S boosted its stake in Realty Income by 20.3% in the fourth quarter. Danske Bank A S now owns 568,121 shares of the real estate investment trust’s stock worth $32,025,000 after buying an additional 95,773 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its stake in Realty Income by 8.2% in the fourth quarter. Sound Income Strategies LLC now owns 352,918 shares of the real estate investment trust’s stock worth $21,676,000 after buying an additional 26,890 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 0.3%

O stock traded up $0.17 during midday trading on Friday, hitting $63.34. The company had a trading volume of 4,597,047 shares, compared to its average volume of 5,851,800. 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 Corporation has a 52 week low of $55.86 and a 52 week high of $67.93. The stock’s 50 day moving average price is $61.99 and its 200 day moving average price is $62.13. The stock has a market cap of $59.06 billion, a price-to-earnings ratio of 51.92, a PEG ratio of 4.93 and a beta of 0.72.

Realty Income (NYSE:O) last issued its 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. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business earned $1.06 earnings per share. The business’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. As a group, equities research analysts expect that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a $0.271 dividend. This represents a c) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Friday, July 31st. Realty Income’s dividend payout ratio (DPR) is 266.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on O shares. Barclays boosted their price objective on shares of Realty Income from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. UBS Group set a $67.00 target price on shares of Realty Income in a report on Thursday, June 18th. Royal Bank Of Canada lifted their target price on shares of Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Stifel Nicolaus set a $70.75 price target on shares of Realty Income in a research note on Tuesday, June 30th. Finally, Jefferies Financial Group started coverage on shares of Realty Income in a research report on Monday, June 1st. They set a “buy” rating and a $69.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Realty Income has a consensus rating of “Hold” and an average price target of $66.65.

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.