Bank of Nova Scotia bought a new stake in Realty Income Corporation (NYSE:O - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 130,611 shares of the real estate investment trust's stock, valued at approximately $8,093,000.
Several other hedge funds and other institutional investors also recently modified their holdings of O. BlackRock Inc. acquired a new position in Realty Income during the 2nd quarter worth $6,997,219,000. Norges Bank acquired a new position in shares of Realty Income during the fourth quarter valued at approximately $558,775,000. Bank of New York Mellon Corp acquired a new position in shares of Realty Income during the second quarter valued at approximately $340,180,000. Deutsche Bank AG bought a new stake in Realty Income during the second quarter worth approximately $206,299,000. Finally, Morgan Stanley raised its holdings 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 worth $1,031,080,000 after purchasing an additional 3,252,091 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.
Realty Income Price Performance
O stock opened at $63.16 on Tuesday. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. Realty Income Corporation has a one year low of $55.86 and a one year high of $67.93. The firm has a market capitalization of $59.77 billion, a PE ratio of 46.10, a P/E/G ratio of 4.44 and a beta of 0.71. The firm has a 50-day moving average of $63.20 and a two-hundred day moving average of $63.19.
Realty Income (NYSE:O - Get Free Report) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, hitting the consensus estimate 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 last year, the firm posted $1.05 earnings per share. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, analysts forecast that Realty Income Corporation will post 4.43 earnings per share for the current year.
Realty Income Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.271 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. Realty Income's dividend payout ratio (DPR) is 237.23%.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Evercore set a $68.00 price target on Realty Income in a research note on Friday, August 7th. Wells Fargo & Company boosted their price objective on Realty Income from $64.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 15th. Weiss Ratings upgraded Realty Income from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday. Stifel Nicolaus set a $70.75 target price on Realty Income in a research note on Tuesday, June 30th. Finally, Mizuho lowered their target price on Realty Income from $68.00 to $66.00 and set a "neutral" rating on the stock in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.42.
Read Our Latest Stock Analysis on Realty Income
Realty Income Profile
(
Free Report)
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.
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