Geode Capital Management LLC Boosts Stake in Realty Income Corporation $O

Key Points

• Geode Capital Management boosted its stake in Realty Income by 2.8% in the fourth quarter, bringing its holdings to 29.2 million shares worth about $1.66 billion.
• Realty Income reported solid quarterly results, with EPS of $1.13 beating estimates and revenue of $1.55 billion topping expectations; revenue also rose 12.2% year over year.
• The company continues to draw mixed Wall Street views, with analysts assigning an average Hold rating and a consensus price target of $67.35, while Realty Income also declared a monthly dividend yielding about 5.3% annualized.

Geode Capital Management LLC increased its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 2.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 29,206,196 shares of the real estate investment trust's stock after acquiring an additional 793,100 shares during the period. Geode Capital Management LLC owned approximately 3.17% of Realty Income worth $1,655,991,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Patrick M Sweeney & Associates Inc. increased its stake in shares of Realty Income by 4.5% in the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 3,801 shares of the real estate investment trust's stock valued at $214,000 after purchasing an additional 164 shares in the last quarter. CYBER HORNET ETFs LLC increased its stake in shares of Realty Income by 7.4% in the 4th quarter. CYBER HORNET ETFs LLC now owns 2,417 shares of the real estate investment trust's stock valued at $136,000 after purchasing an additional 166 shares in the last quarter. Sage Private Wealth Group LLC increased its stake in shares of Realty Income by 2.2% in the 4th quarter. Sage Private Wealth Group LLC now owns 7,844 shares of the real estate investment trust's stock valued at $442,000 after purchasing an additional 170 shares in the last quarter. Trust Investment Advisors increased its stake in shares of Realty Income by 0.8% in the 4th quarter. Trust Investment Advisors now owns 23,266 shares of the real estate investment trust's stock valued at $1,311,000 after purchasing an additional 178 shares in the last quarter. Finally, First National Trust Co increased its stake in shares of Realty Income by 1.2% in the 4th quarter. First National Trust Co now owns 15,109 shares of the real estate investment trust's stock valued at $852,000 after purchasing an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Cantor Fitzgerald lifted their price target on Realty Income from $60.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, February 27th. Morgan Stanley set a $67.00 price target on Realty Income in a research note on Monday, April 27th. Freedom Capital upgraded Realty Income from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 11th. Evercore restated a "positive" rating on shares of Realty Income in a research note on Wednesday, February 25th. Finally, Wall Street Zen upgraded Realty Income from a "sell" rating to a "hold" rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Realty Income presently has an average rating of "Hold" and an average price target of $67.35.

Realty Income Trading Down 0.7%

Shares of O stock opened at $61.76 on Friday. The stock's fifty day moving average is $62.51 and its two-hundred day moving average is $61.16. 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 firm has a market capitalization of $57.59 billion, a P/E ratio of 50.62, a PEG ratio of 4.85 and a beta of 0.75. Realty Income Corporation has a fifty-two week low of $55.52 and a fifty-two week high of $67.93.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.03. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The firm's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Research analysts expect that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a $0.2705 dividend. The ex-dividend date is Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 5.3%. Realty Income's dividend payout ratio is presently 266.39%.

Insider Buying and Selling

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total value of $461,908.00. Following the completion of the sale, the insider owned 67,641 shares in the company, valued at approximately $4,222,151.22. This represents a 9.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company's stock.

About Realty Income

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.