Legal & General Group Plc Invests $643.33 Million in Realty Income Corporation $O

Key Points

• Legal & General Group Plc acquired 10.38 million Realty Income shares worth approximately $643.3 million, giving it a 1.10% stake. Institutional investors collectively own 70.81% of the REIT.
• Realty Income reported quarterly EPS of $1.09, matching estimates, while revenue rose 9.7% year over year to $1.55 billion. The company maintained fiscal 2026 EPS guidance of $4.440–$4.450.
• The REIT declared a monthly dividend of $0.271 per share, representing an annualized yield of about 5.1%. Analysts have a consensus “Moderate Buy” rating and an average price target of $67.42, compared with the stock’s $63.16 opening price.

Legal & General Group Plc acquired a new position in Realty Income Corporation (NYSE:O - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 10,383,053 shares of the real estate investment trust's stock, valued at approximately $643,334,000. Legal & General Group Plc owned approximately 1.10% of Realty Income as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in shares of Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock valued at $326,000 after acquiring an additional 615 shares during the last quarter. Bison Wealth LLC purchased a new position in shares of Realty Income during the fourth quarter worth about $571,000. Empowered Funds LLC increased its position in shares of Realty Income by 8.0% in the first quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust's stock worth $1,041,000 after purchasing an additional 1,330 shares during the last quarter. Woodline Partners LP increased its position in shares of Realty Income by 41.3% in the first quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust's stock worth $4,289,000 after purchasing an additional 21,603 shares during the last quarter. Finally, Intech Investment Management LLC raised its stake in Realty Income by 14.9% in the first quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust's stock valued at $1,474,000 after purchasing an additional 3,290 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Stock Performance

Realty Income stock opened at $63.16 on Tuesday. The firm has a fifty day simple moving average of $63.20 and a two-hundred day simple moving average of $63.19. The company has a quick ratio of 5.88, a current ratio of 5.88 and a debt-to-equity ratio of 0.73. Realty Income Corporation has a twelve month low of $55.86 and a twelve month high of $67.93. The company 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.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.09. The firm had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The company's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period last year, the firm earned $1.05 earnings per share. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Research analysts expect that Realty Income Corporation will post 4.43 EPS for the current year.

Realty Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.271 per share. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Monday, August 31st. Realty Income's dividend payout ratio (DPR) is presently 237.23%.

Wall Street Analyst Weigh In

O has been the subject of several research analyst reports. UBS Group set a $67.00 target price on shares of Realty Income in a research report on Thursday, June 18th. Freedom Capital raised shares of Realty Income from a "hold" rating to a "strong-buy" rating in a report on Monday, May 11th. Royal Bank Of Canada lowered their price objective on shares of Realty Income from $71.00 to $70.00 and set an "outperform" rating on the stock in a research report on Friday, August 7th. Morgan Stanley set a $67.00 price objective on shares of Realty Income in a report on Monday, April 27th. Finally, Robert W. Baird upped their target price on shares of Realty Income from $64.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, July 6th. 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.42.

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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