Davis Selected Advisers Buys 44,710 Shares of Realty Income Corporation $O

Davis Selected Advisers raised its stake in Realty Income Corporation (NYSE:O) by 91.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 93,580 shares of the real estate investment trust’s stock after buying an additional 44,710 shares during the period. Davis Selected Advisers’ holdings in Realty Income were worth $5,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Stance Capital LLC bought a new stake in shares of Realty Income during the third quarter valued at approximately $27,000. Heartwood Wealth Advisors LLC bought a new position in Realty Income in the third quarter worth approximately $29,000. Strengthening Families & Communities LLC grew its stake in Realty Income by 586.1% in the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 422 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Realty Income during the 2nd quarter worth $31,000. Finally, Country Trust Bank increased its holdings in Realty Income by 806.5% during the 2nd quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 500 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Trading Down 1.7%

Shares of NYSE:O opened at $63.00 on Thursday. The company has a market capitalization of $58.74 billion, a PE ratio of 53.85, a P/E/G ratio of 4.74 and a beta of 0.77. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $67.93. The business’s fifty day simple moving average is $63.34 and its 200-day simple moving average is $60.01.

Realty Income (NYSE:O) last issued its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share 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 company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the company earned $1.05 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. As a group, equities research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.2705 dividend. The ex-dividend date is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. This is an increase from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio (DPR) is 276.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Morgan Stanley lifted their price objective on Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Wells Fargo & Company upped their price objective on shares of Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Tuesday, January 20th. Finally, Royal Bank Of Canada raised their target price on shares of Realty Income from $61.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $66.39.

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.