Vestcor Inc Buys 43,481 Shares of Realty Income Corporation $O

Vestcor Inc lifted its stake in Realty Income Corporation (NYSE:O) by 32.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 176,139 shares of the real estate investment trust’s stock after buying an additional 43,481 shares during the quarter. Vestcor Inc’s holdings in Realty Income were worth $10,707,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of O. Heartwood Wealth Advisors LLC acquired a new position in Realty Income during the third quarter worth $29,000. Strengthening Families & Communities LLC boosted its stake in shares of Realty Income by 586.1% in the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 422 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Realty Income in the 2nd quarter worth about $31,000. Country Trust Bank grew its holdings in shares of Realty Income by 806.5% in the 2nd quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. Finally, Ameriflex Group Inc. increased its position in shares of Realty Income by 68.7% during the 3rd quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Realty Income stock opened at $64.96 on Monday. The stock has a 50-day simple moving average of $62.16 and a 200 day simple moving average of $59.69. The stock has a market capitalization of $60.57 billion, a price-to-earnings ratio of 55.52, a P/E/G ratio of 3.87 and a beta of 0.77. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $67.93.

Realty Income (NYSE:O) last issued its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. On average, research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $0.27 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Friday, February 27th. Realty Income’s dividend payout ratio is presently 276.92%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on O. Cantor Fitzgerald lifted their price target on shares of Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, February 27th. Freedom Capital cut shares of Realty Income from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $61.00 target price on shares of Realty Income in a research note on Thursday, December 18th. Scotiabank raised Realty Income from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $60.00 to $67.00 in a report on Friday, January 30th. Finally, Evercore restated a “positive” rating on shares of Realty Income in a research report on Wednesday, February 25th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $65.18.

Realty Income 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.