OVERSEA CHINESE BANKING Corp Ltd Takes $2.64 Million Position in Realty Income Corporation $O

Key Points

• Oversea-Chinese Banking Corp. purchased 42,548 Realty Income shares worth approximately $2.64 million, while institutional investors and hedge funds collectively own 70.81% of the REIT.
• Realty Income reported quarterly revenue of $1.55 billion, up 9.7% year over year, and earnings of $1.09 per share, matching analyst estimates. Management issued fiscal 2026 EPS guidance of $4.440–$4.450.
• The company declared a monthly dividend of $0.271 per share, representing an annualized yield of about 5.1%. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $67.42, compared with shares trading near $63.27.

OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Realty Income Corporation (NYSE:O - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 42,548 shares of the real estate investment trust's stock, valued at approximately $2,636,000.

A number of other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in Realty Income during the 2nd quarter valued at about $6,997,219,000. Norges Bank acquired a new stake in shares of Realty Income in the fourth quarter valued at approximately $558,775,000. Bank of New York Mellon Corp acquired a new stake in shares of Realty Income in the second quarter valued at approximately $340,180,000. Deutsche Bank AG bought a new stake in shares of Realty Income during the second quarter valued at approximately $206,299,000. Finally, Morgan Stanley raised its holdings in shares of Realty Income by 21.6% during the fourth quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust's stock valued at $1,031,080,000 after buying an additional 3,252,091 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Trading Up 0.5%

Shares of NYSE:O opened at $63.27 on Friday. The company has a 50 day moving average of $63.18 and a 200-day moving average of $63.16. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. The firm has a market cap of $59.87 billion, a P/E ratio of 46.18, a P/E/G ratio of 4.47 and a beta of 0.71. Realty Income Corporation has a twelve month low of $55.86 and a twelve month high of $67.93.

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

Realty Income Announces Dividend

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

Wall Street Analyst Weigh In

O has been the subject of several analyst reports. Robert W. Baird boosted their price objective on Realty Income from $64.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, July 6th. Barclays lowered their target price on Realty Income from $68.00 to $67.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 22nd. Mizuho cut their target price on Realty Income from $68.00 to $66.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 13th. Scotiabank reduced their price target on Realty Income from $72.00 to $67.00 and set a "sector outperform" rating for the company in a research report on Thursday, June 18th. Finally, UBS Group set a $67.00 price target on Realty Income in a research note on Thursday, June 18th. One research 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 given a Sell rating to the stock. According to data from MarketBeat, Realty Income presently has a consensus rating of "Moderate Buy" and a consensus price target of $67.42.

Realty Income 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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