Harbour Investments Inc. Buys 43,700 Shares of Realty Income Corporation $O

Key Points

• Harbour Investments Inc. increased its stake in Realty Income by 182.1% in the fourth quarter, buying 43,700 additional shares for a total holding of 67,693 shares worth about $3.8 million.
• Realty Income reported strong quarterly results, posting EPS of $1.13 versus $1.10 expected and revenue of $1.55 billion versus $1.39 billion expected, with revenue up 12.2% year over year.
• The REIT announced a monthly dividend of $0.2705 per share, implying a 5.2% annualized yield, while analysts currently rate the stock a consensus Hold with a $67.35 price target.

Harbour Investments Inc. boosted its stake in Realty Income Corporation (NYSE:O - Free Report) by 182.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,693 shares of the real estate investment trust's stock after purchasing an additional 43,700 shares during the period. Harbour Investments Inc.'s holdings in Realty Income were worth $3,816,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in O. ProShare Advisors LLC raised its stake in Realty Income by 5.3% during the third quarter. ProShare Advisors LLC now owns 3,067,894 shares of the real estate investment trust's stock worth $186,497,000 after buying an additional 155,677 shares during the last quarter. Allied Investment Advisors LLC bought a new position in Realty Income during the third quarter worth $10,870,000. Vanguard Group Inc. raised its stake in Realty Income by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust's stock worth $8,478,910,000 after buying an additional 684,949 shares during the last quarter. Pensionfund PDN bought a new position in Realty Income during the fourth quarter worth $7,434,000. Finally, NEOS Investment Management LLC grew its holdings in Realty Income by 73.0% in the third quarter. NEOS Investment Management LLC now owns 169,839 shares of the real estate investment trust's stock worth $10,279,000 after purchasing an additional 71,646 shares during the period. Institutional investors own 70.81% of the company's stock.

Realty Income Stock Down 0.4%

Shares of NYSE O opened at $62.22 on Thursday. The stock has a market capitalization of $58.02 billion, a P/E ratio of 51.00, a P/E/G ratio of 4.87 and a beta of 0.75. The company has a 50-day moving average price of $62.56 and a 200-day moving average price of $61.12. Realty Income Corporation has a 1 year low of $55.52 and a 1 year high of $67.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.03. The firm had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.39 billion. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The business's revenue was up 12.2% on a year-over-year basis. During the same period last year, the company earned $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, equities research analysts forecast that Realty Income Corporation will post 4.45 EPS 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. Stockholders of record on Friday, May 29th will be issued a dividend of $0.2705 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, May 29th. Realty Income's dividend payout ratio (DPR) is currently 266.39%.

Insider Activity

In other news, insider Michelle Bushore sold 7,400 shares of Realty Income stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total transaction of $461,908.00. Following the completion of the transaction, the insider directly owned 67,641 shares in the company, valued at $4,222,151.22. This trade represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

O has been the subject of a number of research reports. Freedom Capital upgraded shares of Realty Income from a "hold" rating to a "strong-buy" rating in a report on Monday, May 11th. UBS Group raised their price target on shares of Realty Income from $66.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, March 9th. Barclays raised their price target on shares of Realty Income from $65.00 to $68.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 21st. Royal Bank Of Canada raised their price target on shares of Realty Income from $70.00 to $71.00 and gave the stock an "outperform" rating in a report on Thursday, May 7th. Finally, Evercore restated a "positive" rating on shares of Realty Income in a report on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $67.35.

Realty Income Company 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.

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