Bank of America Corp DE Buys 1,785,859 Shares of Realty Income Corporation $O

Key Points

• Bank of America increased its Realty Income stake by 10.3%, purchasing 1.79 million shares to hold 19.12 million shares, or roughly 2.02% of the REIT valued at $1.18 billion.
• Realty Income reported quarterly revenue growth of 9.7% year over year to $1.55 billion, while earnings of $1.09 per share matched estimates. The company maintained 2026 EPS guidance of $4.44–$4.45.
• The REIT raised its monthly dividend to $0.2715 per share, representing an annualized yield of about 5.5%. Analysts maintain a consensus “Moderate Buy” rating with a $67.23 price target, above the reported $59.24 share price.

Bank of America Corp DE increased its stake in Realty Income Corporation (NYSE:O - Free Report) by 10.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,117,994 shares of the real estate investment trust's stock after purchasing an additional 1,785,859 shares during the period. Bank of America Corp DE owned approximately 2.02% of Realty Income worth $1,184,551,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Dunhill Financial LLC bought a new position in shares of Realty Income during the second quarter worth about $27,000. Evolution Wealth Management Inc. boosted its position in Realty Income by 257.1% during the 4th quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 360 shares during the last quarter. Sankala Group LLC bought a new position in shares of Realty Income during the 4th quarter worth approximately $32,000. Fiduciary Financial Advisors bought a new position in shares of Realty Income during the 2nd quarter worth approximately $36,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Realty Income in the first quarter valued at approximately $40,000. Institutional investors own 70.81% of the company's stock.

Realty Income News Roundup

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

• Positive Sentiment: Realty Income and KKR agreed to establish a euro-denominated joint venture. KKR will invest €528 million for a 49% interest in a diversified portfolio of stabilized European net-lease properties contributed by Realty Income. The transaction is expected to provide a 5.9% initial cap rate, preserve Realty Income’s majority ownership, and receive 100% permanent-equity treatment from rating agencies—potentially supporting capital recycling, balance-sheet flexibility, and the company’s private-capital strategy. Realty Income and KKR to Establish Euro-Denominated Joint Venture
• Positive Sentiment: Commentary continues to highlight Realty Income’s monthly dividend, extensive payment history, and growing U.S. Core Plus Fund. The fund can generate management fees and expand Realty Income’s access to property types beyond its traditional net-lease portfolio, offering a potential long-term growth avenue. Realty Income Has a New Revenue Stream, and It's Growing Fast
• Neutral Sentiment: Chief Financial Officer Jonathan Pong is scheduled to participate in a Bank of America global real estate conference on September 15. Investors may look for comments on European expansion, private capital, financing, and 2026 guidance, but the announcement itself does not change earnings estimates or dividend policy. Realty Income to Present at Bank of America's 2026 Global Real Estate Conference
• Neutral Sentiment: Investor articles remain broadly favorable toward Realty Income as a long-term income holding, but they are opinion-based and unlikely to create a significant near-term trading catalyst. The stock’s relatively elevated valuation and position below its 50-day and 200-day moving averages may also be limiting the market’s response to the positive strategic news.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on O shares. Barclays cut their price objective on shares of Realty Income from $67.00 to $65.00 and set an "equal weight" rating on the stock in a research report on Friday, September 4th. Huntington initiated coverage on shares of Realty Income in a research note on Wednesday, July 15th. They issued an "outperform" rating and a $70.00 price target on the stock. Wells Fargo & Company cut their price target on shares of Realty Income from $65.00 to $64.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 1st. Weiss Ratings upgraded shares of Realty Income from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 20th. Finally, Royal Bank Of Canada decreased their price objective on Realty Income from $71.00 to $70.00 and set an "outperform" rating for the company in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $67.23.

Realty Income Price Performance

NYSE:O opened at $59.24 on Tuesday. Realty Income Corporation has a 1-year low of $55.86 and a 1-year high of $67.93. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. The firm has a fifty day simple moving average of $62.93 and a 200 day simple moving average of $62.79. The stock has a market capitalization of $56.05 billion, a PE ratio of 43.24, a P/E/G ratio of 4.23 and a beta of 0.71.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, hitting analysts' consensus estimates of $1.09. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the company earned $1.05 earnings per share. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, research analysts expect that Realty Income Corporation will post 4.42 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.2715 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a boost from Realty Income's previous monthly dividend of $0.27. Realty Income's payout ratio is presently 237.23%.

About Realty Income

Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily uses long-term, single-tenant, net lease agreements, under which tenants generally assume responsibility for property-level expenses such as maintenance, insurance and taxes.

Its portfolio includes retail, industrial, distribution, office, gaming and other commercial properties. Realty Income serves a broad range of tenants, including convenience stores, grocery stores, pharmacies, home improvement retailers, restaurants, logistics operators and other established businesses.

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