OMERS ADMINISTRATION Corp Purchases New Position in Realty Income Corporation $O

OMERS ADMINISTRATION Corp acquired a new position in shares of Realty Income Corporation (NYSE:O) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 101,215 shares of the real estate investment trust’s stock, valued at approximately $6,271,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings 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 acquiring an additional 684,949 shares in the last quarter. BlackRock Inc. acquired a new position in Realty Income in the 2nd quarter worth about $6,997,219,000. State Street Corp raised its position in Realty Income by 0.8% in the fourth quarter. State Street Corp now owns 63,559,987 shares of the real estate investment trust’s stock valued at $3,599,676,000 after purchasing an additional 531,095 shares during the last quarter. Geode Capital Management LLC raised its position in Realty Income by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock valued at $1,655,991,000 after purchasing an additional 793,100 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Realty Income by 21.6% during the fourth quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock valued at $1,031,080,000 after purchasing an additional 3,252,091 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 0.9%

Shares of O stock opened at $63.16 on Tuesday. The stock has a market cap of $59.77 billion, a price-to-earnings ratio of 46.10, a PEG ratio of 4.44 and a beta of 0.71. The stock has a 50-day moving average of $63.20 and a 200-day moving average of $63.19. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. Realty Income Corporation has a 1-year low of $55.86 and a 1-year high of $67.93.

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

Realty Income Announces Dividend

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

Analysts Set New Price Targets

O has been the topic of several research reports. Scotiabank reduced their price target on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a report on Thursday, June 18th. Robert W. Baird raised 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. 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 target price on the stock. Evercore set a $68.00 target price on shares of Realty Income in a report on Friday, August 7th. Finally, Morgan Stanley set a $67.00 price target on shares of Realty Income in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.42.

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.