US Bancorp DE Decreases Holdings in Realty Income Corporation $O

US Bancorp DE trimmed its holdings in Realty Income Corporation (NYSE:O) by 7.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 119,457 shares of the real estate investment trust’s stock after selling 9,228 shares during the quarter. US Bancorp DE’s holdings in Realty Income were worth $7,262,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in O. Vanguard Group Inc. boosted its position in Realty Income by 2.5% during the third quarter. Vanguard Group Inc. now owns 149,730,338 shares of the real estate investment trust’s stock valued at $9,102,107,000 after buying an additional 3,594,127 shares during the period. State Street Corp lifted its stake in shares of Realty Income by 1.1% in the 2nd quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock valued at $3,556,436,000 after acquiring an additional 676,697 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Realty Income by 8.3% during the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after acquiring an additional 2,058,031 shares during the period. Raymond James Financial Inc. grew its position in Realty Income by 5.8% during the 2nd quarter. Raymond James Financial Inc. now owns 12,011,841 shares of the real estate investment trust’s stock worth $692,002,000 after acquiring an additional 654,958 shares during the last quarter. Finally, Norges Bank purchased a new position in Realty Income in the 2nd quarter worth approximately $676,500,000. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on O. Deutsche Bank Aktiengesellschaft raised Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Tuesday, January 20th. Royal Bank Of Canada upped their price target on shares of Realty Income from $61.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Cantor Fitzgerald increased their price target on shares of Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday. Scotiabank upgraded shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $60.00 to $67.00 in a research report on Friday, January 30th. Finally, Stifel Nicolaus upped their price objective on shares of Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a research note on Wednesday, February 25th. Six analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.88.

Realty Income Stock Performance

Realty Income stock opened at $67.11 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $62.57 billion, a P/E ratio of 57.36, a price-to-earnings-growth ratio of 3.99 and a beta of 0.79. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $67.94. The company’s 50-day moving average is $61.21 and its 200 day moving average is $59.43.

Realty Income (NYSE:O) last released its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates of $1.08. Realty Income had a return on equity of 2.68% and a net margin of 18.41%.The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. Research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $0.27 per share. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, February 27th. Realty Income’s dividend payout ratio (DPR) is 276.92%.

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.