Canada Post Corp Registered Pension Plan Increases Holdings in Realty Income Corporation $O

Canada Post Corp Registered Pension Plan boosted its holdings in shares of Realty Income Corporation (NYSE:O) by 205.6% during the fourth quarter, Holdings Channel reports. The firm owned 16,871 shares of the real estate investment trust’s stock after acquiring an additional 11,350 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Realty Income were worth $951,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Stance Capital LLC purchased a new position in Realty Income during the 3rd quarter valued at about $27,000. Strengthening Families & Communities LLC increased its holdings in Realty Income by 586.1% during the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 422 shares during the period. Ameriflex Group Inc. increased its holdings 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 period. FNY Investment Advisers LLC increased its holdings in Realty Income by 622.2% during the 4th quarter. FNY Investment Advisers LLC now owns 650 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 560 shares during the period. Finally, Costello Asset Management INC purchased a new position in Realty Income during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Realty Income stock opened at $61.67 on Tuesday. The stock’s 50 day simple moving average is $62.92 and its two-hundred day simple moving average is $60.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market cap of $57.51 billion, a price-to-earnings ratio of 50.55, a PEG ratio of 4.76 and a beta of 0.75. Realty Income Corporation has a fifty-two week low of $54.64 and a fifty-two week high of $67.93.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the firm posted $1.06 EPS. 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, analysts expect that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a $0.2705 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, May 29th. Realty Income’s payout ratio is currently 266.39%.

Insider Activity at Realty Income

In other news, insider Michelle Bushore sold 7,400 shares of the business’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 sale, the insider directly owned 67,641 shares of the company’s stock, valued at $4,222,151.22. The trade was a 9.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on O. Morgan Stanley set a $67.00 price target on Realty Income in a report on Monday, April 27th. Royal Bank Of Canada boosted their price target on Realty Income from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Loop Capital set a $69.00 price target on Realty Income in a report on Monday, March 2nd. UBS Group boosted their price target on Realty Income from $66.00 to $72.00 and gave the company a “buy” rating in a report on Monday, March 9th. Finally, Wall Street Zen raised Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $67.35.

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.