Cibc World Market Inc. Invests $17.92 Million in Realty Income Corporation $O

Cibc World Market Inc. purchased a new position in shares of Realty Income Corporation (NYSE:O) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 289,160 shares of the real estate investment trust’s stock, valued at approximately $17,916,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DGS Capital Management LLC increased its stake in Realty Income by 4.3% during the 4th quarter. DGS Capital Management LLC now owns 3,836 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 158 shares in the last quarter. Tactive Advisors LLC boosted its stake in shares of Realty Income by 1.8% in the second quarter. Tactive Advisors LLC now owns 9,239 shares of the real estate investment trust’s stock worth $572,000 after acquiring an additional 163 shares during the last quarter. Patrick M Sweeney & Associates Inc. increased its position in shares of Realty Income by 4.5% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 3,801 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 164 shares in the last quarter. CYBER HORNET ETFs LLC increased its position in shares of Realty Income by 7.4% during the fourth quarter. CYBER HORNET ETFs LLC now owns 2,417 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 166 shares in the last quarter. Finally, First National Trust Co raised its stake in Realty Income by 1.2% in the 4th quarter. First National Trust Co now owns 15,109 shares of the real estate investment trust’s stock valued at $852,000 after purchasing an additional 180 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Performance

Shares of Realty Income stock opened at $63.16 on Tuesday. The business’s 50 day moving average price is $63.20 and its 200 day moving average price is $63.19. The company has a market cap of $59.77 billion, a price-to-earnings ratio of 46.10, a PEG ratio of 4.44 and a beta of 0.71. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.88 and a current ratio of 5.88. Realty Income Corporation has a one year low of $55.86 and a one year high of $67.93.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the business earned $1.05 EPS. The firm’s quarterly 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. On average, research analysts predict that Realty Income Corporation will post 4.43 EPS for the current year.

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a $0.271 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. Realty Income’s dividend payout ratio is currently 237.23%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Evercore set a $68.00 price objective on Realty Income in a report on Friday, August 7th. Royal Bank Of Canada reduced their target price on shares of Realty Income from $71.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Stifel Nicolaus set a $70.75 price target on shares of Realty Income in a research note on Tuesday, June 30th. Jefferies Financial Group assumed coverage on shares of Realty Income in a research report on Monday, June 1st. They set a “buy” rating and a $69.00 price target on the stock. Finally, Huntington started coverage on shares of Realty Income in a research note on Wednesday, July 15th. They set an “outperform” rating and a $70.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Realty Income presently has an average rating of “Moderate Buy” and a consensus price target of $67.42.

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.