CIBC Bancorp USA Inc. Invests $22.25 Million in Realty Income Corporation $O

CIBC Bancorp USA Inc. acquired a new stake in Realty Income Corporation (NYSE:O) in the third quarter, HoldingsChannel reports. The firm acquired 366,041 shares of the real estate investment trust’s stock, valued at approximately $22,252,000.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Realty Income by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 149,730,338 shares of the real estate investment trust’s stock worth $9,102,107,000 after acquiring an additional 3,594,127 shares during the period. State Street Corp lifted its stake in shares of Realty Income by 2.1% during the 3rd quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock worth $3,831,526,000 after purchasing an additional 1,295,936 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Realty Income by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 12,671,171 shares of the real estate investment trust’s stock worth $770,273,000 after purchasing an additional 433,602 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Realty Income by 1.5% during the third quarter. Raymond James Financial Inc. now owns 12,186,943 shares of the real estate investment trust’s stock worth $740,844,000 after purchasing an additional 175,102 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Realty Income in the second quarter valued at $676,500,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of Realty Income stock opened at $63.00 on Thursday. The business’s fifty day moving average price is $63.34 and its 200 day moving average price is $60.01. The stock has a market capitalization of $58.74 billion, a P/E ratio of 53.85, a PEG 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 twelve month low of $50.71 and a twelve month high of $67.93.

Realty Income (NYSE:O) last released its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. Realty Income had a return on equity of 2.68% and a net margin of 18.41%.The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the company posted $1.05 EPS. The company’s revenue 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, research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

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

Analyst Ratings Changes

Several research firms recently commented on O. Cantor Fitzgerald upped their target price on Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. Wells Fargo & Company raised their price target on 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 Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a report on Tuesday, January 20th. Mizuho upped their price objective on shares of Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Finally, Freedom Capital lowered shares of Realty Income from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.