Legal & General Group Plc Sells 96,729 Shares of Realty Income Corporation $O

Key Points

• Legal & General Group Plc trimmed its stake in Realty Income by 96,729 shares (a 1.0% reduction in Q3), leaving it with 9,876,020 shares—about 1.07% of the company valued at ~$600.4 million.
• Realty Income announced a monthly dividend of $0.27 payable March 13 (ex-dividend Feb 27), implying a ~5.0% yield, while the payout ratio stands unusually high at ~276.9%.
• Institutions own roughly 70.8% of the stock, with large investors like Vanguard and Norges Bank boosting or establishing sizable positions; the REIT has a $60.5B market cap, a P/E of 55.4 and FY2026 EPS guidance of $4.38–$4.42.

Legal & General Group Plc decreased its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,876,020 shares of the real estate investment trust's stock after selling 96,729 shares during the period. Legal & General Group Plc owned approximately 1.07% of Realty Income worth $600,363,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in O. Norges Bank purchased a new stake in Realty Income in the 2nd quarter valued at $676,500,000. Vanguard Group Inc. lifted its stake in Realty Income by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust's stock valued at $8,418,907,000 after acquiring an additional 3,624,852 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Realty Income by 8.3% during the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust's stock worth $1,548,687,000 after acquiring an additional 2,058,031 shares during the last quarter. Schroder Investment Management Group boosted its holdings in Realty Income by 420.0% during the 2nd quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust's stock worth $123,259,000 after acquiring an additional 1,728,082 shares during the last quarter. Finally, ABN Amro Investment Solutions bought a new stake in shares of Realty Income in the 2nd quarter worth $70,939,000. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Down 0.1%

Shares of Realty Income stock opened at $64.87 on Wednesday. The firm has a market cap of $60.49 billion, a PE ratio of 55.44, a P/E/G ratio of 3.87 and a beta of 0.77. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $67.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a fifty day moving average price of $62.48 and a 200-day moving average price of $59.77.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share for the quarter, hitting analysts' consensus estimates of $1.08. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. The firm's quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. Equities research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $0.27 dividend. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Friday, February 27th. Realty Income's payout ratio is presently 276.92%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Stifel Nicolaus increased their target price on shares of Realty Income from $67.75 to $70.50 and gave the company a "buy" rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $61.00 price objective on shares of Realty Income in a research report on Thursday, December 18th. Scotiabank upgraded shares of Realty Income from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $60.00 to $67.00 in a research note on Friday, January 30th. Wells Fargo & Company lifted their target price on shares of Realty Income from $59.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 25th. Finally, Cantor Fitzgerald boosted their target price on Realty Income from $60.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $65.61.

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.

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