OVERSEA CHINESE BANKING Corp Ltd Takes Position in Realty Income Corporation $O

OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Realty Income Corporation (NYSE:O) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 42,548 shares of the real estate investment trust’s stock, valued at approximately $2,636,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in O. DGS Capital Management LLC boosted its holdings in Realty Income by 4.3% during the fourth quarter. DGS Capital Management LLC now owns 3,836 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 158 shares in the last quarter. Tactive Advisors LLC grew its position in Realty Income by 1.8% in the second quarter. Tactive Advisors LLC now owns 9,239 shares of the real estate investment trust’s stock worth $572,000 after buying an additional 163 shares during the last quarter. Patrick M Sweeney & Associates Inc. increased its holdings in shares of Realty Income by 4.5% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 3,801 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 164 shares in the last quarter. CYBER HORNET ETFs LLC lifted its position in shares of Realty Income by 7.4% during the 4th quarter. CYBER HORNET ETFs LLC now owns 2,417 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 166 shares during the last quarter. Finally, Sage Private Wealth Group LLC lifted its position in shares of Realty Income by 2.2% during the 4th quarter. Sage Private Wealth Group LLC now owns 7,844 shares of the real estate investment trust’s stock valued at $442,000 after acquiring an additional 170 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on O shares. Freedom Capital raised Realty Income from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Barclays reduced their target price 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. Royal Bank Of Canada decreased their price target on Realty Income from $71.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Jefferies Financial Group assumed coverage on Realty Income in a research note on Monday, June 1st. They issued a “buy” rating and a $69.00 price target on the stock. Finally, Scotiabank dropped their price target on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.42.

Realty Income Stock Up 0.5%

Shares of NYSE:O opened at $63.27 on Friday. The firm has a 50 day simple moving average of $63.18 and a 200 day simple moving average of $63.16. Realty Income Corporation has a 52 week low of $55.86 and a 52 week high of $67.93. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.88 and a current ratio of 5.88. The company has a market cap of $59.87 billion, a PE ratio of 46.18, a price-to-earnings-growth ratio of 4.47 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 earnings per share for the quarter, hitting the consensus estimate of $1.09. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the company posted $1.05 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, research analysts expect that Realty Income Corporation will post 4.43 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given a $0.271 dividend. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Monday, August 31st. Realty Income’s dividend payout ratio (DPR) is 237.23%.

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.