Pensionfund Sabic Purchases Shares of 94,038 Realty Income Corporation $O

Key Points

• Pensionfund Sabic bought 94,038 shares of Realty Income in Q4 (≈$5.3M), making the stock about 1.4% of its portfolio and its 10th-largest holding.
• Realty Income raised its monthly dividend to $0.2705 (payable April 15, ex-dividend March 31), implying roughly a 5.4% yield while the dividend payout ratio remains very high at 276.9%.
• About 70.8% of shares are held by institutions—Vanguard and State Street are major holders and Norges Bank recently opened a sizable position—while analysts' consensus is a "Hold" with a $66.39 price target.

Pensionfund Sabic purchased a new stake in Realty Income Corporation (NYSE:O - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 94,038 shares of the real estate investment trust's stock, valued at approximately $5,301,000. Realty Income accounts for about 1.4% of Pensionfund Sabic's portfolio, making the stock its 10th largest position.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Realty Income by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 149,730,338 shares of the real estate investment trust's stock worth $9,102,107,000 after purchasing an additional 3,594,127 shares during the period. State Street Corp raised its position in Realty Income by 2.1% in the third quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust's stock valued at $3,831,526,000 after purchasing an additional 1,295,936 shares during the period. Dimensional Fund Advisors LP lifted its stake in Realty Income by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 12,671,171 shares of the real estate investment trust's stock worth $770,273,000 after purchasing an additional 433,602 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Realty Income by 1.5% during the third quarter. Raymond James Financial Inc. now owns 12,186,943 shares of the real estate investment trust's stock worth $740,844,000 after purchasing an additional 175,102 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Realty Income during the second quarter worth $676,500,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

O has been the subject of a number of research reports. Evercore reaffirmed a "positive" rating on shares of Realty Income in a research note on Wednesday, February 25th. Freedom Capital lowered Realty Income from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 2nd. Stifel Nicolaus raised their target price on Realty Income from $67.75 to $70.50 and gave the company a "buy" rating in a report on Wednesday, February 25th. Scotiabank lifted their target price on Realty Income from $67.00 to $69.00 and gave the company a "sector outperform" rating in a research report on Wednesday, March 11th. Finally, Barclays boosted their price target on shares of Realty Income from $64.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Friday, March 13th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $66.39.

Realty Income Stock Down 0.7%

Realty Income stock opened at $60.40 on Wednesday. The stock has a market cap of $56.31 billion, a PE ratio of 51.62, a P/E/G ratio of 4.50 and a beta of 0.77. 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's fifty day moving average is $63.55 and its two-hundred day moving average is $60.11. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $67.93.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. Realty Income had a return on equity of 2.68% and a net margin of 18.41%.The business had revenue of $1.40 billion during the quarter, compared to analysts' expectations of $1.40 billion. During the same period in the prior year, the firm posted $1.05 EPS. The business's quarterly revenue was up 11.0% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. On average, sell-side analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.2705 dividend. This represents a c) dividend on an annualized basis and a yield of 5.4%. This is a positive change from Realty Income's previous monthly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, March 31st. Realty Income's dividend payout ratio is currently 276.92%.

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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