Realty Income Corporation $O Shares Sold by Pacer Advisors Inc.

Key Points

• Pacer Advisors cut its Realty Income stake by 30.2% in the first quarter, selling 27,697 shares and retaining 64,148 shares valued at approximately $3.93 million. Institutional investors and hedge funds collectively own 70.81% of the REIT.
• Realty Income reported quarterly EPS of $1.13, beating the $1.10 consensus estimate, while revenue rose 12.2% year over year to $1.55 billion. The company also announced a monthly dividend of $0.271 per share, representing an approximately 5.2% annualized yield.
• Analysts maintain a broadly cautious view, with the stock receiving a consensus “Hold” rating and an average price target of $67.11 versus its $62.46 opening price. Higher borrowing costs and valuation remain concerns despite strong operating results and positive guidance updates.

Pacer Advisors Inc. lowered its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 30.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,148 shares of the real estate investment trust's stock after selling 27,697 shares during the quarter. Pacer Advisors Inc.'s holdings in Realty Income were worth $3,925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Brighton Jones LLC boosted its stake in shares of Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock valued at $326,000 after buying an additional 615 shares during the period. Bison Wealth LLC purchased a new stake in shares of Realty Income during the fourth quarter worth approximately $571,000. Empowered Funds LLC raised its holdings in Realty Income by 8.0% in the first quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust's stock valued at $1,041,000 after acquiring an additional 1,330 shares in the last quarter. Woodline Partners LP raised its holdings in Realty Income by 41.3% in the first quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust's stock valued at $4,289,000 after acquiring an additional 21,603 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in Realty Income by 14.9% in the first quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust's stock worth $1,474,000 after acquiring an additional 3,290 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Price Performance

Shares of NYSE:O opened at $62.46 on Friday. The company's fifty day moving average price is $62.81 and its 200 day moving average price is $63.05. Realty Income Corporation has a 12 month low of $55.86 and a 12 month high of $67.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market capitalization of $58.25 billion, a P/E ratio of 45.59, a P/E/G ratio of 4.89 and a beta of 0.71.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. Realty Income had a net margin of 20.93% and a return on equity of 3.15%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm posted $1.06 earnings per share. Realty Income's revenue for the quarter was up 12.2% on a year-over-year basis. As a group, sell-side analysts predict that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be given a $0.271 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. Realty Income's dividend payout ratio is 266.39%.

Realty Income News Summary

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Realty Income raised its 2026 adjusted funds from operations (AFFO) outlook and increased its investment-volume target to approximately $10 billion. Management cited strong leasing activity, private-capital opportunities, recycling investments and planned hyperscale data-center ventures while maintaining disciplined underwriting. Realty Income Q2 Earnings Call Raises 2026 Growth Targets
• Positive Sentiment: Second-quarter revenue reached $1.55 billion, well above the roughly $1.40 billion analyst estimate and up year over year. Stable occupancy, same-store rental growth, lower costs and active capital deployment supported the results. Realty Income Q2 revenue beats amid stable occupancy, lower costs, same-store rental growth
• Positive Sentiment: Quarterly FFO/AFFO of $1.09 per share matched expectations and improved from $1.05 a year earlier, reinforcing support for Realty Income’s monthly dividend, which yields about 5.2%. Realty Income Raised Its 2026 AFFO Guidance
• Positive Sentiment: Fitch assigned Realty Income an A credit rating, making it the first net-lease REIT and one of only a few U.S. REITs with an A-level rating. The upgrade recognizes its diversified portfolio, financial strength and access to capital, potentially improving financing flexibility. Realty Income Q2 2026
• Neutral Sentiment: Management’s 2026 EPS guidance of $4.44-$4.45 is broadly in line with the $4.45 consensus, limiting the immediate earnings-surprise effect.
• Negative Sentiment: Morgan Stanley maintained a Hold rating with a $67 price target, citing a balanced risk-reward profile despite the AFFO guidance increase. Higher borrowing costs and Realty Income’s elevated valuation remain potential constraints on the shares. Balanced Risk/Reward Keeps Realty Income at Hold

Analyst Ratings Changes

O has been the topic of a number of recent analyst reports. Stifel Nicolaus set a $70.75 price objective on shares of Realty Income in a research report on Tuesday, June 30th. Barclays decreased their price objective on shares of Realty Income from $68.00 to $67.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 22nd. Huntington assumed coverage on shares of Realty Income in a research note on Wednesday, July 15th. They set an "outperform" rating and a $70.00 target price for the company. Robert W. Baird increased their target price on Realty Income from $64.00 to $65.00 and gave the company a "neutral" rating in a report on Monday, July 6th. Finally, Royal Bank Of Canada raised their price target on Realty Income from $70.00 to $71.00 and gave the company an "outperform" rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $67.11.

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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