Legal & General Group Plc Purchases 823,489 Shares of Realty Income Corporation $O

Legal & General Group Plc boosted its position in shares of Realty Income Corporation (NYSE:O) by 8.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,699,509 shares of the real estate investment trust’s stock after buying an additional 823,489 shares during the quarter. Legal & General Group Plc’s holdings in Realty Income were worth $603,131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Realty Income by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock worth $8,478,910,000 after acquiring an additional 684,949 shares in the last quarter. State Street Corp raised its position in Realty Income by 2.1% during the third quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock worth $3,831,526,000 after acquiring an additional 1,295,936 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Realty Income by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 12,671,171 shares of the real estate investment trust’s stock worth $770,273,000 after acquiring an additional 433,602 shares in the last quarter. Raymond James Financial Inc. raised its position in Realty Income by 1.5% during the third quarter. Raymond James Financial Inc. now owns 12,186,943 shares of the real estate investment trust’s stock worth $740,844,000 after acquiring an additional 175,102 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Realty Income by 0.4% during the third quarter. Daiwa Securities Group Inc. now owns 3,970,350 shares of the real estate investment trust’s stock worth $241,357,000 after acquiring an additional 16,855 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Michelle Bushore sold 7,400 shares of the firm’s stock in a transaction dated 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 directly owned 67,641 shares of the company’s stock, valued at approximately $4,222,151.22. This trade represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on O shares. Barclays upped their price target on shares of Realty Income from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 21st. Mizuho dropped their price target on shares of Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Scotiabank reissued an “outperform” rating on shares of Realty Income in a research report on Tuesday, May 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a research report on Friday, April 10th. Finally, Cantor Fitzgerald increased their price objective on shares of Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Realty Income has an average rating of “Hold” and an average target price of $67.35.

Realty Income Price Performance

Shares of O opened at $62.14 on Tuesday. The firm has a market capitalization of $57.94 billion, a PE ratio of 50.93, a PEG ratio of 4.84 and a beta of 0.75. The company’s 50-day moving average is $62.65 and its 200-day moving average is $61.04. Realty Income Corporation has a fifty-two week low of $55.03 and a fifty-two week high of $67.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.39 billion. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Equities analysts forecast that Realty Income Corporation will post 4.45 EPS for the current year.

Realty Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a dividend of $0.2705 per share. 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 dividend payout ratio (DPR) is currently 266.39%.

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.