Vanderbilt University Reduces Stock Position in Realty Income Corporation $O

Vanderbilt University cut its holdings in Realty Income Corporation (NYSE:O) by 36.9% during the first quarter, Holdings Channel reports. The institutional investor owned 19,855 shares of the real estate investment trust’s stock after selling 11,605 shares during the period. Vanderbilt University’s holdings in Realty Income were worth $1,215,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of O. Norges Bank acquired a new position in shares of Realty Income during the 4th quarter worth about $558,775,000. Morgan Stanley raised 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 worth $1,031,080,000 after acquiring an additional 3,252,091 shares in the last quarter. Deutsche Bank AG lifted its stake in Realty Income by 45.1% during 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 during the last quarter. State Street Corp lifted its stake 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 purchasing an additional 1,295,936 shares during the last quarter. Finally, Barclays PLC lifted its stake in Realty Income by 52.7% during the third 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 last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Realty Income

In other news, insider Michelle Bushore sold 7,400 shares of the firm’s stock in a transaction that occurred on 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 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Realty Income Stock Up 0.8%

Realty Income stock opened at $62.02 on Thursday. Realty Income Corporation has a fifty-two week low of $55.86 and a fifty-two week high of $67.93. 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 capitalization of $57.84 billion, a P/E ratio of 50.84, a PEG ratio of 4.80 and a beta of 0.72. The stock has a 50-day simple moving average of $62.20 and a 200-day simple moving average of $61.68.

Realty Income (NYSE:O) last released its quarterly earnings results 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. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Equities research analysts expect that Realty Income Corporation will post 4.45 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.271 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This is an increase from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.2%. Realty Income’s dividend payout ratio is currently 266.39%.

Analyst Upgrades and Downgrades

Several brokerages have commented on O. Cantor Fitzgerald increased their price target on shares of Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, February 27th. Mizuho cut their price objective on shares of Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Morgan Stanley set a $67.00 price objective on shares of Realty Income in a research report on Monday, April 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Realty Income in a report on Friday, April 10th. Finally, Scotiabank dropped their target price on shares of Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $66.75.

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.