Prudential PLC Purchases 12,813 Shares of Realty Income Corporation $O

Prudential PLC lifted its position in Realty Income Corporation (NYSE:O) by 62.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,369 shares of the real estate investment trust’s stock after buying an additional 12,813 shares during the period. Prudential PLC’s holdings in Realty Income were worth $1,881,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in O. Stance Capital LLC acquired a new stake in shares of Realty Income during the third quarter worth about $27,000. Evolution Wealth Management Inc. raised its holdings in Realty Income by 257.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 360 shares during the period. Ameriflex Group Inc. lifted its stake in Realty Income by 68.7% in the third quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 215 shares in the last quarter. FNY Investment Advisers LLC increased its position in shares of Realty Income by 622.2% during the fourth quarter. FNY Investment Advisers LLC now owns 650 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 560 shares in the last quarter. Finally, Costello Asset Management INC acquired a new stake in shares of Realty Income during the fourth quarter worth $37,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Up 0.1%

O stock opened at $60.90 on Monday. Realty Income Corporation has a 1-year low of $55.60 and a 1-year high of $67.93. The business’s 50 day simple moving average is $62.38 and its 200 day simple moving average is $61.30. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $56.79 billion, a PE ratio of 49.92, a PEG ratio of 4.76 and a beta of 0.72.

Realty Income (NYSE:O) last released 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 firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the business posted $1.06 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, research analysts anticipate that Realty Income Corporation will post 4.44 EPS for the current year.

Realty Income Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.2705 dividend. The ex-dividend date is Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 5.3%. Realty Income’s dividend payout ratio is 265.57%.

Wall Street Analysts Forecast Growth

O has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Realty Income in a research note on Friday, April 10th. Mizuho cut their target price on Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. UBS Group raised Realty Income to a “hold” rating in a research report on Monday, June 1st. Evercore restated a “positive” rating on shares of Realty Income in a report on Wednesday, February 25th. Finally, Stifel Nicolaus lifted their price target on shares of Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $67.46.

Insiders Place Their Bets

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider directly owned 67,641 shares in the company, valued at $4,222,151.22. This trade represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.