M&T Bank Corp Has $7.38 Million Holdings in Realty Income Corporation $O

Key Points

• M&T Bank Corp increased its stake in Realty Income by 232% in Q4 to 130,918 shares, worth about $7.38 million as of its latest SEC filing.
• Realty Income declared a monthly dividend of $0.2705 payable May 15, implying a ~5.1% yield and a reported payout ratio of 277.78%.
• Analysts hold an average rating of "Hold" with an average price target of $66.75, though several firms recently raised targets into the high-$60s and one upgraded the stock to "Buy."

M&T Bank Corp lifted its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 232.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,918 shares of the real estate investment trust's stock after purchasing an additional 91,485 shares during the quarter. M&T Bank Corp's holdings in Realty Income were worth $7,380,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Stance Capital LLC acquired a new stake in shares of Realty Income during the 3rd quarter worth approximately $27,000. Strengthening Families & Communities LLC grew its holdings in shares of Realty Income by 586.1% during the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 422 shares in the last quarter. Ameriflex Group Inc. grew its holdings in shares of Realty Income by 68.7% during the 3rd quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 215 shares in the last quarter. FNY Investment Advisers LLC grew its holdings in shares of Realty Income by 622.2% during the 4th quarter. FNY Investment Advisers LLC now owns 650 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 560 shares in the last quarter. Finally, Maseco LLP acquired a new stake in shares of Realty Income during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Insider Buying and Selling

In other news, insider Michelle Bushore sold 7,400 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total transaction of $461,908.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

O has been the topic of several recent research reports. Cantor Fitzgerald lifted their price objective on Realty Income from $60.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, February 27th. Mizuho lifted their price objective on Realty Income from $60.00 to $68.00 and gave the stock a "neutral" rating in a report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft raised Realty Income from a "hold" rating to a "buy" rating and set a $69.00 price objective on the stock in a report on Tuesday, January 20th. Morgan Stanley set a $67.00 price target on Realty Income in a research note on Monday, April 27th. Finally, Stifel Nicolaus boosted their price target on Realty Income from $67.75 to $70.50 and gave the company a "buy" rating in a research note on Wednesday, February 25th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $66.75.

Realty Income Price Performance

Shares of O stock opened at $63.60 on Wednesday. The stock's fifty day simple moving average is $63.70 and its 200 day simple moving average is $60.75. 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 firm has a market cap of $59.30 billion, a price-to-earnings ratio of 54.36, a P/E/G ratio of 4.29 and a beta of 0.75. Realty Income Corporation has a one year low of $54.38 and a one year high of $67.93.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a return on equity of 2.68% and a net margin of 18.41%.Realty Income's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. On average, analysts expect that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 30th will be paid a $0.2705 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a c) annualized dividend and a yield of 5.1%. Realty Income's payout ratio is currently 277.78%.

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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