Rockefeller Capital Management L.P. Purchases 166,358 Shares of Realty Income Corporation $O

Rockefeller Capital Management L.P. grew its position in Realty Income Corporation (NYSE:O) by 21.4% during the 4th quarter, HoldingsChannel reports. The firm owned 945,271 shares of the real estate investment trust’s stock after purchasing an additional 166,358 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Realty Income were worth $53,304,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Realty Income by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock valued at $8,478,910,000 after purchasing an additional 684,949 shares during the period. Pensionfund PDN acquired a new stake in Realty Income during the 4th quarter worth approximately $7,434,000. Danske Bank A S raised its holdings in Realty Income by 20.3% during the 4th quarter. Danske Bank A S now owns 568,121 shares of the real estate investment trust’s stock worth $32,025,000 after buying an additional 95,773 shares during the period. E. Ohman J or Asset Management AB bought a new position in Realty Income in the fourth quarter valued at approximately $1,766,000. Finally, Bank of Montreal Can lifted its stake in Realty Income by 13.6% in the third quarter. Bank of Montreal Can now owns 927,469 shares of the real estate investment trust’s stock valued at $56,381,000 after buying an additional 111,245 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on O shares. Scotiabank lowered their price objective on shares of Realty Income from $72.00 to $67.00 and set a “sector outperform” rating for the company in a research report on Thursday. Freedom Capital upgraded shares of Realty Income from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Wall Street Zen raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Stifel Nicolaus upped their target price on shares of Realty Income from $67.75 to $70.50 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Finally, Royal Bank Of Canada increased their target price on Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $66.75.

Insiders Place Their Bets

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total transaction of $461,908.00. Following the sale, the insider directly owned 67,641 shares of the company’s stock, valued at approximately $4,222,151.22. This represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Realty Income Stock Up 0.2%

Shares of O stock opened at $60.35 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 1 year low of $55.86 and a 1 year high of $67.93. The firm’s fifty day moving average price is $62.32 and its two-hundred day moving average price is $61.58. The firm has a market capitalization of $56.27 billion, a P/E ratio of 49.46, a PEG ratio of 4.71 and a beta of 0.72.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the prior year, the business posted $1.06 EPS. The company’s quarterly revenue was up 12.2% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, equities analysts predict that Realty Income Corporation will post 4.44 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.271 per share. The ex-dividend date is Tuesday, June 30th. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a yield of 5.4%. Realty Income’s dividend payout ratio is presently 266.39%.

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.