Pensionfund Sabic Takes $5.30 Million Position in Realty Income Corporation $O

Pensionfund Sabic purchased a new position in shares of Realty Income Corporation (NYSE:O) during the 4th quarter, Holdings Channel.com reports. The firm purchased 94,038 shares of the real estate investment trust’s stock, valued at approximately $5,301,000. Realty Income comprises approximately 1.4% of Pensionfund Sabic’s investment portfolio, making the stock its 10th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp boosted its holdings in shares of Realty Income by 1.1% in the second 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 period. OLD National Bancorp IN acquired a new position in shares of Realty Income in the 3rd quarter valued at $3,391,000. ProShare Advisors LLC increased its holdings in shares of Realty Income by 5.3% in the 3rd quarter. ProShare Advisors LLC now owns 3,067,894 shares of the real estate investment trust’s stock valued at $186,497,000 after acquiring an additional 155,677 shares during the period. Federated Hermes Inc. raised its position in Realty Income by 13.1% in the 2nd quarter. Federated Hermes Inc. now owns 2,669,031 shares of the real estate investment trust’s stock valued at $153,763,000 after purchasing an additional 309,902 shares during the last quarter. Finally, Allied Investment Advisors LLC purchased a new stake in Realty Income in the 3rd quarter valued at $10,870,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Down 0.7%

Shares of NYSE O opened at $60.40 on Wednesday. The stock has a market capitalization of $56.31 billion, a price-to-earnings ratio of 51.62, a price-to-earnings-growth ratio of 4.50 and a beta of 0.77. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $67.93. The firm has a 50-day moving average price of $63.55 and a 200 day moving average price of $60.11. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last issued its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share 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 analyst estimates of $1.40 billion. During the same period in the prior year, the business posted $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. Equities research analysts anticipate that Realty Income Corporation will post 4.19 EPS 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. Investors 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 5.4%. This is an increase from Realty Income’s previous monthly dividend of $0.27. Realty Income’s payout ratio is currently 276.92%.

Analyst Ratings Changes

O has been the topic of several research reports. Stifel Nicolaus raised their price objective on shares of Realty Income from $67.75 to $70.50 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Cantor Fitzgerald upped their target price on shares of Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, February 27th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $61.00 target price on shares of Realty Income in a research note on Thursday, December 18th. Wall Street Zen raised Realty Income from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Barclays upped their price objective on Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.