Handelsbanken Fonder AB Sells 39,666 Shares of Realty Income Corporation $O

Handelsbanken Fonder AB decreased its holdings in shares of Realty Income Corporation (NYSE:O) by 7.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 464,780 shares of the real estate investment trust’s stock after selling 39,666 shares during the period. Handelsbanken Fonder AB’s holdings in Realty Income were worth $26,200,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in O. Brighton Jones LLC increased its stake in shares of Realty Income by 11.2% during the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 615 shares in the last quarter. Bison Wealth LLC bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $571,000. Empowered Funds LLC increased its position in shares of Realty Income by 8.0% during the first quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock valued at $1,041,000 after acquiring an additional 1,330 shares in the last quarter. Woodline Partners LP increased its position in shares of Realty Income by 41.3% during the first quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust’s stock valued at $4,289,000 after acquiring an additional 21,603 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Realty Income by 14.9% during the first quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust’s stock valued at $1,474,000 after acquiring an additional 3,290 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on O. Scotiabank reissued an “outperform” rating on shares of Realty Income in a research report on Tuesday, May 12th. UBS Group raised their price target on shares of Realty Income from $66.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Barclays raised their price target on shares of Realty Income from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. Evercore reissued a “positive” rating on shares of Realty Income in a research report on Wednesday, February 25th. Finally, Royal Bank Of Canada lifted their target price on shares of Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $67.35.

Insider Buying and Selling

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

Realty Income Trading Up 0.2%

NYSE:O opened at $62.21 on Thursday. 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 12 month low of $54.64 and a 12 month high of $67.93. The company has a market cap of $58.01 billion, a PE ratio of 50.99, a price-to-earnings-growth ratio of 4.84 and a beta of 0.75. The company has a 50 day simple moving average of $62.81 and a two-hundred day simple moving average of $60.94.

Realty Income (NYSE:O) last posted its earnings results 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 business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the previous year, the firm posted $1.06 EPS. The firm’s 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. Research analysts forecast that Realty Income Corporation will post 4.45 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a $0.2705 dividend. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, May 29th. Realty Income’s payout ratio is 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.