Harbour Investments Inc. Purchases 43,700 Shares of Realty Income Corporation $O

Harbour Investments Inc. lifted its position in shares of Realty Income Corporation (NYSE:O) by 182.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,693 shares of the real estate investment trust’s stock after purchasing an additional 43,700 shares during the period. Harbour Investments Inc.’s holdings in Realty Income were worth $3,816,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Realty Income by 0.5% in 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 during the period. State Street Corp raised its position in Realty Income by 2.1% in 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 during the period. Dimensional Fund Advisors LP raised its position in Realty Income by 3.5% in 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 during the period. Raymond James Financial Inc. raised its position in Realty Income by 1.5% in 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 during the period. Finally, Legal & General Group Plc raised its position in Realty Income by 8.3% in the fourth quarter. Legal & General Group Plc now owns 10,699,509 shares of the real estate investment trust’s stock worth $603,131,000 after acquiring an additional 823,489 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Price Performance

Shares of NYSE:O opened at $62.22 on Thursday. The company has a 50 day moving average of $62.56 and a 200 day moving average of $61.12. The stock has a market cap of $58.02 billion, a P/E ratio of 51.00, a P/E/G ratio of 4.87 and a beta of 0.75. Realty Income Corporation has a 12 month low of $55.52 and a 12 month high of $67.93. 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 (NYSE:O) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the business posted $1.06 earnings per share. The firm’s revenue 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, sell-side analysts forecast that Realty Income Corporation will post 4.45 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be given a $0.2705 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, May 29th. Realty Income’s dividend payout ratio (DPR) is 266.39%.

Insider Activity

In related news, insider Michelle Bushore sold 7,400 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total value of $461,908.00. Following the sale, the insider owned 67,641 shares in the company, valued at approximately $4,222,151.22. This trade represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on O shares. UBS Group lifted their price objective on shares of Realty Income from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Morgan Stanley set a $67.00 price objective on shares of Realty Income in a research report on Monday, April 27th. Cantor Fitzgerald lifted their price objective on shares of Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. Wall Street Zen raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Loop Capital set a $69.00 price target on shares of Realty Income in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued 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 “Hold” and an average target price of $67.35.

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.