PNC Financial Services Group Inc. Buys 9,080 Shares of Realty Income Corporation $O

PNC Financial Services Group Inc. raised its stake in shares of Realty Income Corporation (NYSE:O) by 5.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 187,759 shares of the real estate investment trust’s stock after buying an additional 9,080 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Realty Income were worth $11,487,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of O. Norges Bank purchased a new position in shares of Realty Income in the 4th quarter worth $558,775,000. Morgan Stanley increased its position in Realty Income by 21.6% during the fourth quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock valued at $1,031,080,000 after acquiring an additional 3,252,091 shares during the last quarter. Deutsche Bank AG lifted its holdings in Realty Income by 45.1% in the fourth quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock valued at $281,792,000 after acquiring an additional 1,554,726 shares during the period. State Street Corp lifted its holdings 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 valued at $3,831,526,000 after acquiring an additional 1,295,936 shares during the period. Finally, Legal & General Group Plc boosted 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 purchasing an additional 823,489 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Royal Bank Of Canada boosted their price target on Realty Income from $70.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Scotiabank lowered their price objective on shares of 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a report on Wednesday, July 8th. Wells Fargo & Company boosted their target price on shares of Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. Finally, Robert W. Baird upped their target price on shares of Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $67.11.

Realty Income Trading Up 1.3%

Shares of NYSE:O opened at $65.59 on Friday. The stock has a 50 day moving average of $62.45 and a 200 day moving average of $62.70. The company has a market cap of $61.16 billion, a PE ratio of 53.76, a price-to-earnings-growth ratio of 5.12 and a beta of 0.72. Realty Income Corporation has a 12-month low of $55.86 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 released 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 company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business earned $1.06 EPS. 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, equities research analysts expect that Realty Income Corporation will post 4.45 EPS for the current year.

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a dividend of $0.271 per share. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Friday, July 31st. Realty Income’s dividend payout ratio (DPR) is presently 266.39%.

Key Realty Income News

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Analysts and market commentary continue to frame Realty Income as a reliable income stock, citing its long record of monthly dividends and steady payout growth. Realty Income vs SCHD ETF: Better buy for income investors?
• Positive Sentiment: Investor interest is also being supported by a bullish long-term thesis around Realty Income’s expansion into data centers, which could create a new growth engine for dividend increases over time. Realty Income’s Data Center Bet Could Turbocharge Dividend Growth Over the Next Decade
• Neutral Sentiment: Barclays reiterated a Hold rating on Realty Income, suggesting analysts still see the stock as fairly valued rather than an obvious bargain or sell candidate. Barclays Remains a Hold on Realty Income (O)

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.