9,912,635 Shares in Realty Income Corporation $O Bought by Norges Bank

Norges Bank acquired a new position in shares of Realty Income Corporation (NYSE:O) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,912,635 shares of the real estate investment trust’s stock, valued at approximately $558,775,000.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 615 shares during the period. Bison Wealth LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at about $571,000. Empowered Funds LLC grew its holdings in Realty Income by 8.0% during the first quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock worth $1,041,000 after purchasing an additional 1,330 shares during the period. Woodline Partners LP grew its holdings in Realty Income by 41.3% during the first quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust’s stock worth $4,289,000 after purchasing an additional 21,603 shares during the period. Finally, Intech Investment Management LLC boosted its holdings in shares of Realty Income by 14.9% during the first quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust’s stock worth $1,474,000 after acquiring an additional 3,290 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity

In other news, insider Michelle Bushore sold 7,400 shares of Realty Income stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total transaction of $461,908.00. Following the completion of the transaction, the insider directly owned 67,641 shares in the company, valued at $4,222,151.22. This trade represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on O. Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Evercore restated a “positive” rating on shares of Realty Income in a research report on Wednesday, February 25th. Freedom Capital upgraded shares of Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Scotiabank reissued an “outperform” rating on shares of Realty Income in a report on Tuesday, May 12th. Finally, Loop Capital set a $69.00 target price on shares of Realty Income in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $67.35.

Realty Income Trading Up 0.0%

NYSE O opened at $61.31 on Monday. The business has a 50 day simple moving average of $62.48 and a 200 day simple moving average of $61.19. Realty Income Corporation has a one year low of $55.52 and a one year high of $67.93. The stock has a market capitalization of $57.17 billion, a P/E ratio of 50.25, a P/E/G ratio of 4.78 and a beta of 0.73. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56.

Realty Income (NYSE:O) last released its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The firm’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Research analysts expect that Realty Income Corporation will post 4.45 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $0.2705 per share. 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 dividend payout ratio is 266.39%.

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.