Richard Bernstein Advisors LLC Cuts Holdings in Realty Income Corporation $O

Richard Bernstein Advisors LLC cut its stake in Realty Income Corporation (NYSE:O) by 55.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,364 shares of the real estate investment trust’s stock after selling 18,044 shares during the period. Richard Bernstein Advisors LLC’s holdings in Realty Income were worth $873,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Crescent Sterling Ltd. increased its position in Realty Income by 4.1% during the third quarter. Crescent Sterling Ltd. now owns 4,515 shares of the real estate investment trust’s stock worth $274,000 after buying an additional 176 shares in the last quarter. Gold Investment Management Ltd. boosted its position in shares of Realty Income by 0.3% in the third quarter. Gold Investment Management Ltd. now owns 56,665 shares of the real estate investment trust’s stock worth $3,445,000 after acquiring an additional 182 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Realty Income by 21.3% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,097 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 193 shares during the last quarter. HBK Sorce Advisory LLC increased its stake in Realty Income by 1.3% during the third quarter. HBK Sorce Advisory LLC now owns 15,578 shares of the real estate investment trust’s stock worth $926,000 after acquiring an additional 195 shares during the last quarter. Finally, Code Waechter LLC raised its holdings in Realty Income by 2.2% in the third quarter. Code Waechter LLC now owns 9,016 shares of the real estate investment trust’s stock valued at $530,000 after buying an additional 196 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on O. Freedom Capital cut Realty Income from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Morgan Stanley boosted their price objective on Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Evercore restated a “positive” rating on shares of Realty Income in a research report on Wednesday, February 25th. Cantor Fitzgerald raised their price target on Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, February 27th. Finally, Barclays boosted their target price on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 3rd. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $65.61.

Realty Income Stock Down 0.1%

O stock opened at $64.87 on Wednesday. The company has a market cap of $60.49 billion, a price-to-earnings ratio of 55.44, a PEG ratio of 3.87 and a beta of 0.77. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $67.93. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average of $62.48 and a two-hundred day moving average of $59.77.

Realty Income (NYSE:O) last announced its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 EPS 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 quarter in the prior year, the business posted $1.05 EPS. Realty Income’s quarterly revenue was up 11.0% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. On average, equities analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a c) annualized dividend and a yield of 5.0%. Realty Income’s dividend payout ratio is 276.92%.

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.