Plato Investment Management Ltd Makes New Investment in Realty Income Corporation $O

Plato Investment Management Ltd acquired a new position in shares of Realty Income Corporation (NYSE:O) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 38,730 shares of the real estate investment trust’s stock, valued at approximately $2,386,000.

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

Analyst Ratings Changes

Several research analysts have commented on the company. Scotiabank cut their price target on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 18th. Robert W. Baird increased their price objective on Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, July 6th. Weiss Ratings upgraded shares of Realty Income from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 6th. Wells Fargo & Company lifted their target price on shares of Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. Finally, Morgan Stanley set a $67.00 price target on shares of Realty Income in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.42.

Realty Income Stock Down 0.4%

Realty Income stock opened at $62.46 on Tuesday. Realty Income Corporation has a twelve month low of $55.86 and a twelve month high of $67.93. The stock has a 50 day moving average of $63.12 and a two-hundred day moving average of $63.11. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $59.10 billion, a price-to-earnings ratio of 45.59, a PEG ratio of 4.46 and a beta of 0.71.

Realty Income (NYSE:O) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, meeting the consensus estimate 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 the consensus estimate of $1.40 billion. During the same period last year, the business posted $1.05 EPS. The company’s 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. As a group, research analysts expect that Realty Income Corporation will post 4.43 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a $0.271 dividend. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Friday, July 31st. Realty Income’s payout ratio is currently 237.23%.

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.