Sterling Capital Management LLC Sells 14,745 Shares of Realty Income Corporation $O

Sterling Capital Management LLC cut its position in shares of Realty Income Corporation (NYSE:O) by 10.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,350 shares of the real estate investment trust’s stock after selling 14,745 shares during the quarter. Sterling Capital Management LLC’s holdings in Realty Income were worth $8,097,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new position in shares of Realty Income in the 4th quarter worth $558,775,000. Morgan Stanley lifted its position in shares of Realty Income by 21.6% during the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock valued at $1,031,080,000 after buying an additional 3,252,091 shares during the last quarter. Deutsche Bank AG increased its stake in shares of 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 worth $281,792,000 after purchasing an additional 1,554,726 shares in the last quarter. State Street Corp lifted its position in shares of 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. Finally, Barclays PLC boosted its stake in Realty Income by 52.7% in the 3rd quarter. Barclays PLC now owns 2,741,766 shares of the real estate investment trust’s stock worth $166,672,000 after purchasing an additional 946,815 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity

In other news, insider Michelle Bushore sold 7,400 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was 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 filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on O. Freedom Capital upgraded Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Cantor Fitzgerald raised their price objective on shares of Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, February 27th. Barclays increased their price objective on Realty Income from $65.00 to $68.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 21st. Mizuho dropped their price target on Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $66.75.

Realty Income News Summary

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

• Positive Sentiment: Analysts and commentators highlighted Realty Income’s raised 2026 investment guidance, 7% year-over-year AFFO growth, and nearly 99% lease rate, underscoring healthy operating momentum and dividend support. How Raised 2026 Investment Guidance and AFFO Growth Could Shape Realty Income (O) Investors
• Positive Sentiment: Multiple articles argued that Realty Income remains a strong dividend stock for income investors, citing its resilient business model and above-average yield. 3 Reasons Realty Income Stock Belongs in Every Dividend Investor’s Portfolio
• Positive Sentiment: Another article explained how many shares of Realty Income would be needed to generate $500 in annual dividends, reinforcing interest in the stock as a dependable income generator. Here’s How Many Shares of Realty Income Stock You’d Need to Make $500 in Yearly Dividends
• Neutral Sentiment: Realty Income was also featured in a local real estate article about an $18.9 million property transaction in Fairlawn, Ohio, but the investment impact appears limited without more details on broader portfolio implications. Realty Income Drops $18.9M On Fairlawn Lowe’s Along Akron Retail Corridor

Realty Income Stock Performance

NYSE O opened at $63.17 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market cap of $58.90 billion, a P/E ratio of 51.78, a P/E/G ratio of 4.84 and a beta of 0.72. Realty Income Corporation has a fifty-two week low of $55.86 and a fifty-two week high of $67.93. The business’s 50 day moving average price is $62.15 and its 200-day moving average price is $61.72.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. The business had revenue of $1.55 billion during 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 quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Sell-side analysts predict that Realty Income Corporation will post 4.45 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.271 per share. This represents a c) dividend on an annualized basis and a yield of 5.1%. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, June 30th. Realty Income’s payout ratio is currently 266.39%.

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.