Richard Bernstein Advisors LLC Has $873,000 Position in Realty Income Corporation $O

Richard Bernstein Advisors LLC lowered its stake in shares of Realty Income Corporation (NYSE:O) by 55.7% during the third quarter, Holdings Channel reports. The fund owned 14,364 shares of the real estate investment trust’s stock after selling 18,044 shares during the period. Richard Bernstein Advisors LLC’s holdings in Realty Income were worth $873,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp grew its stake in Realty Income by 1.1% during the second quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock worth $3,556,436,000 after buying an additional 676,697 shares in the last quarter. OLD National Bancorp IN bought a new position in Realty Income in the third quarter valued at about $3,391,000. ProShare Advisors LLC boosted its position in Realty Income by 5.3% during the 3rd quarter. ProShare Advisors LLC now owns 3,067,894 shares of the real estate investment trust’s stock worth $186,497,000 after buying an additional 155,677 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Realty Income by 13.1% during the second quarter. Federated Hermes Inc. now owns 2,669,031 shares of the real estate investment trust’s stock worth $153,763,000 after purchasing an additional 309,902 shares during the period. Finally, Allied Investment Advisors LLC bought a new stake in shares of Realty Income in the 3rd quarter valued at about $10,870,000. Institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Scotiabank upgraded shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $60.00 to $67.00 in a research report on Friday, January 30th. Loop Capital set a $69.00 price objective on shares of Realty Income in a report on Monday, March 2nd. Freedom Capital lowered Realty Income from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft raised Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Tuesday, January 20th. Finally, Barclays increased their price objective on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 3rd. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $65.61.

Realty Income Trading Down 0.1%

Shares of O opened at $64.87 on Wednesday. The firm’s 50 day simple moving average is $62.48 and its 200 day simple moving average is $59.77. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $67.93. 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 company has a market capitalization of $60.49 billion, a P/E ratio of 55.44, a P/E/G ratio of 3.87 and a beta of 0.77.

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

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.27 per share. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Friday, February 27th. Realty Income’s dividend payout ratio is 276.92%.

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.