Realty Income Corporation $O Stock Position Reduced by Convergence Financial LLC

Convergence Financial LLC trimmed its holdings in shares of Realty Income Corporation (NYSE:O) by 51.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,770 shares of the real estate investment trust’s stock after selling 20,034 shares during the quarter. Convergence Financial LLC’s holdings in Realty Income were worth $1,019,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Asset Management One Co. Ltd. boosted its holdings in Realty Income by 2.8% in the third quarter. Asset Management One Co. Ltd. now owns 1,842,213 shares of the real estate investment trust’s stock valued at $100,032,000 after purchasing an additional 50,168 shares during the last quarter. Abundance Wealth Counselors grew its position in Realty Income by 3.3% during the 3rd quarter. Abundance Wealth Counselors now owns 23,363 shares of the real estate investment trust’s stock worth $1,269,000 after purchasing an additional 749 shares during the period. Oppenheimer & Co. Inc. grew its position in Realty Income by 4.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 132,774 shares of the real estate investment trust’s stock worth $7,210,000 after purchasing an additional 5,642 shares during the period. Center for Financial Planning Inc. grew its position in Realty Income by 9.6% during the 3rd quarter. Center for Financial Planning Inc. now owns 6,799 shares of the real estate investment trust’s stock worth $369,000 after purchasing an additional 594 shares during the period. Finally, Park Avenue Securities LLC grew its position in Realty Income by 5.6% during the 3rd quarter. Park Avenue Securities LLC now owns 32,925 shares of the real estate investment trust’s stock worth $1,788,000 after purchasing an additional 1,752 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

NYSE:O opened at $56.19 on Thursday. Realty Income Corporation has a 52 week low of $53.15 and a 52 week high of $67.93. The company has a quick ratio of 5.88, a current ratio of 5.88 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $53.16 billion, a PE ratio of 41.01, a price-to-earnings-growth ratio of 4.44 and a beta of 0.69. The stock’s 50-day moving average price is $57.74 and its 200-day moving average price is $61.61.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, meeting the consensus estimate of $1.09. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%. Realty Income’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, equities analysts expect that Realty Income Corporation will post 4.45 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be issued a $0.2715 dividend. This represents a $3.26 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend is Friday, October 30th. Realty Income’s dividend payout ratio (DPR) is presently 237.96%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on O. Scotiabank lowered Realty Income from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $67.00 to $59.00 in a research note on Wednesday, September 23rd. Robert W. Baird upped their target price on Realty Income from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, July 6th. Royal Bank Of Canada dropped their target price on Realty Income from $71.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Barclays reduced their price target on Realty Income from $65.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 20th. Finally, Huntington began coverage on Realty Income in a research report on Wednesday, July 15th. They set an “outperform” rating and a $70.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Realty Income presently has an average rating of “Moderate Buy” and an average target price of $72.34.

Realty Income News Summary

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Monthly dividend reaffirmed: Realty Income declared another $0.2715-per-share monthly dividend, or $3.258 annualized, payable November 13. The payment represents the company’s 676th consecutive monthly dividend and reinforces its appeal to income-focused investors. Realty Income Just Declared Its 676th Consecutive Monthly Dividend
• Positive Sentiment: Defensive income profile remains attractive: Articles highlighted Realty Income’s long dividend history, high occupancy, and leases with established tenants. At recent prices, the stock offers a dividend yield of roughly 5.7%, which may support demand from retirement and income investors. Here’s How Much a $10,000 Investment in Realty Income Will Get You in Monthly Dividends
• Neutral Sentiment: Q3 earnings are the next major catalyst: Realty Income is expected to report third-quarter results after the market close on November 2. Analysts are focusing on revenue, adjusted funds from operations, occupancy, acquisitions, and guidance to determine whether cash-flow growth can continue. Ahead of Realty Income Q3 Earnings
• Negative Sentiment: Higher interest rates are weighing on REIT sentiment: With the 10-year Treasury yield near 5%, Realty Income’s dividend must compete with relatively attractive risk-free yields. Higher borrowing costs can also reduce acquisition economics and pressure REIT valuations. Realty Income Q3 Earnings and Rising Treasury Yields
• Negative Sentiment: Recent momentum remains weak: Realty Income trades below its 50-day and 200-day moving averages and has declined over the longer recent period. Investors may be waiting for evidence from earnings that the company’s current full-year outlook remains achievable before bidding the shares higher.

About Realty Income

Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily invests in single-tenant properties that are leased to businesses under long-term, net lease agreements, under which tenants generally are responsible for property taxes, insurance and maintenance.

Its portfolio includes retail, grocery, convenience store, industrial, distribution and other commercial properties. Realty Income serves a broad range of tenants and seeks to generate recurring rental income through long-term leases.