Manning & Napier Advisors LLC Acquires Shares of 171,540 Realty Income Corporation $O

Key Points

• Manning & Napier Advisors acquired 171,540 shares of Realty Income in the second quarter, valued at approximately $10.8 million. Institutional investors collectively own 70.81% of the REIT.
• Realty Income reported quarterly EPS of $1.09, matching analyst estimates, while revenue rose 9.7% year over year to $1.55 billion. The company guided for fiscal 2026 EPS 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.

Manning & Napier Advisors LLC acquired a new position in Realty Income Corporation (NYSE:O - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 171,540 shares of the real estate investment trust's stock, valued at approximately $10,814,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Realty Income by 0.5% in 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. Danske Bank A S raised its stake in shares of Realty Income by 20.3% in the fourth quarter. Danske Bank A S now owns 568,121 shares of the real estate investment trust's stock valued at $32,025,000 after acquiring an additional 95,773 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Realty Income by 0.7% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,323,920 shares of the real estate investment trust's stock worth $130,999,000 after acquiring an additional 16,546 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Realty Income by 5.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,730,032 shares of the real estate investment trust's stock worth $156,458,000 after purchasing an additional 140,685 shares during the period. Finally, 1834 Investment Advisors Co. boosted its stake in shares of Realty Income by 86.7% during the 4th quarter. 1834 Investment Advisors Co. now owns 39,734 shares of the real estate investment trust's stock worth $2,240,000 after purchasing an additional 18,455 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Up 0.9%

Shares of NYSE O opened at $63.16 on Tuesday. Realty Income Corporation has a 52-week low of $55.86 and a 52-week high of $67.93. The firm has a market capitalization of $59.77 billion, a price-to-earnings ratio of 46.10, a PEG ratio of 4.44 and a beta of 0.71. The stock has a 50 day moving average price of $63.20 and a 200 day moving average price of $63.19. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.88 and a current ratio of 5.88.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, hitting the consensus estimate of $1.09. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The company 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 business posted $1.05 EPS. Realty Income's quarterly revenue was up 9.7% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Sell-side analysts expect that Realty Income Corporation will post 4.43 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.271 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 5.1%. Realty Income's dividend payout ratio is 237.23%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Weiss Ratings raised shares of Realty Income from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday. Morgan Stanley set a $67.00 target price on Realty Income in a research note on Monday, April 27th. Stifel Nicolaus set a $70.75 price target on Realty Income in a research note on Tuesday, June 30th. Wells Fargo & Company upped their price objective on Realty Income from $64.00 to $65.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 15th. Finally, Mizuho decreased their target price on Realty Income from $68.00 to $66.00 and set a "neutral" rating for the company in a research 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 assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Realty Income 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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