Manning & Napier Advisors LLC Buys Shares of 171,540 Realty Income Corporation $O

Manning & Napier Advisors LLC purchased a new position in Realty Income Corporation (NYSE:O) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 171,540 shares of the real estate investment trust’s stock, valued at approximately $10,814,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Realty Income by 0.5% in 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 buying an additional 684,949 shares in the last quarter. Danske Bank A S lifted its position in Realty Income by 20.3% during the fourth quarter. Danske Bank A S now owns 568,121 shares of the real estate investment trust’s stock valued at $32,025,000 after acquiring an additional 95,773 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Realty Income by 0.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,323,920 shares of the real estate investment trust’s stock valued at $130,999,000 after acquiring an additional 16,546 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Realty Income by 5.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,730,032 shares of the real estate investment trust’s stock worth $156,458,000 after purchasing an additional 140,685 shares during the last quarter. Finally, 1834 Investment Advisors Co. boosted its position in shares of Realty Income by 86.7% in the 4th quarter. 1834 Investment Advisors Co. now owns 39,734 shares of the real estate investment trust’s stock worth $2,240,000 after purchasing an additional 18,455 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 0.9%

NYSE:O opened at $63.16 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88. The company’s fifty day moving average price is $63.20 and its 200-day moving average price is $63.19. Realty Income Corporation has a 1-year low of $55.86 and a 1-year high of $67.93. The firm has a market capitalization of $59.77 billion, a P/E ratio of 46.10, a PEG ratio of 4.44 and a beta of 0.71.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, meeting the consensus estimate of $1.09. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 earnings per share. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, equities research analysts anticipate that Realty Income Corporation will post 4.43 EPS for the current year.

Realty Income Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.271 per share. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Monday, August 31st. Realty Income’s dividend payout ratio (DPR) is 237.23%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on O shares. Morgan Stanley set a $67.00 target price on Realty Income in a research report on Monday, April 27th. Evercore set a $68.00 price objective on shares of Realty Income in a report on Friday, August 7th. Weiss Ratings raised shares of Realty Income from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Huntington assumed coverage on shares of Realty Income in a research note on Wednesday, July 15th. They set an “outperform” rating and a $70.00 price target on the stock. Finally, Freedom Capital raised shares of Realty Income from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Realty Income has an average rating of “Moderate Buy” and an average price target of $67.42.

Realty Income Company 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.