Cibc World Market Inc. Takes Position in Realty Income Corporation $O

Cibc World Market Inc. bought a new position in shares of Realty Income Corporation (NYSE:O) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 289,160 shares of the real estate investment trust’s stock, valued at approximately $17,916,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in O. OMERS ADMINISTRATION Corp acquired a new stake in Realty Income during the 2nd quarter worth about $6,271,000. Sanctuary Advisors LLC acquired a new position in shares of Realty Income in the 2nd quarter valued at about $16,104,000. Capital Square LLC purchased a new stake in shares of Realty Income in the second quarter worth about $2,963,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Realty Income during the second quarter worth about $17,203,000. Finally, Benchmark Investment Advisors LLC acquired a new stake in Realty Income during the second quarter worth about $421,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of O stock opened at $63.16 on Tuesday. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. Realty Income Corporation has a 12-month low of $55.86 and a 12-month high of $67.93. The business’s 50 day moving average is $63.20 and its two-hundred day moving average is $63.19. The company has a market capitalization of $59.77 billion, a P/E ratio of 46.10, a P/E/G ratio of 4.44 and a beta of 0.71.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, meeting analysts’ consensus estimates of $1.09. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The business’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 earnings per share. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Analysts expect that Realty Income Corporation will post 4.43 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently declared 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. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Monday, August 31st. Realty Income’s payout ratio is presently 237.23%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on O shares. Barclays decreased their price target on Realty Income from $68.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. Stifel Nicolaus set a $70.75 target price on shares of Realty Income in a report on Tuesday, June 30th. Scotiabank lowered their price target on shares of Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a report on Thursday, June 18th. Morgan Stanley set a $67.00 price target on shares of Realty Income in a research report on Monday, April 27th. Finally, Robert W. Baird lifted their price objective on shares of Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Realty Income presently has a consensus rating of “Moderate Buy” and an average price target of $67.42.

Realty Income Company Profile

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.