Realty Income Corporation $O Stock Position Reduced by Becker Capital Management Inc.

Key Points

• Becker Capital Management reduced its Realty Income position by 21.4% in the second quarter, selling 31,951 shares and retaining 117,600 shares valued at approximately $7.3 million. Institutional investors and hedge funds collectively own 70.81% of the REIT.
• Realty Income completed a $1.0 billion convertible senior-notes offering, with proceeds intended for at least $750 million in share repurchases, debt repayment and property acquisitions. The company also reported quarterly revenue growth of 9.7% year over year while meeting its EPS estimate.
• Analysts maintain a “Moderate Buy” consensus with an average $67.42 price target, but some view the stock as fully priced. Shares opened at $62.75, while the company continues paying a monthly dividend yielding about 5.2%.

Becker Capital Management Inc. decreased its position in Realty Income Corporation (NYSE:O - Free Report) by 21.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,600 shares of the real estate investment trust's stock after selling 31,951 shares during the quarter. Becker Capital Management Inc.'s holdings in Realty Income were worth $7,293,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in O. DGS Capital Management LLC boosted its holdings in shares of Realty Income by 4.3% in the 4th quarter. DGS Capital Management LLC now owns 3,836 shares of the real estate investment trust's stock valued at $216,000 after buying an additional 158 shares during the period. Tactive Advisors LLC lifted its holdings in Realty Income by 1.8% in the second quarter. Tactive Advisors LLC now owns 9,239 shares of the real estate investment trust's stock worth $572,000 after acquiring an additional 163 shares during the last quarter. Patrick M Sweeney & Associates Inc. boosted its stake in Realty Income by 4.5% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 3,801 shares of the real estate investment trust's stock valued at $214,000 after acquiring an additional 164 shares during the period. CYBER HORNET ETFs LLC boosted its stake in Realty Income by 7.4% in the fourth quarter. CYBER HORNET ETFs LLC now owns 2,417 shares of the real estate investment trust's stock valued at $136,000 after acquiring an additional 166 shares during the period. Finally, Sage Private Wealth Group LLC boosted its stake in Realty Income by 2.2% in the fourth quarter. Sage Private Wealth Group LLC now owns 7,844 shares of the real estate investment trust's stock valued at $442,000 after acquiring an additional 170 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income News Roundup

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

• Positive Sentiment: Realty Income completed a $1.0 billion offering of 3.750% convertible senior notes due 2031, including the full exercise of an additional $125 million option. The proceeds are expected to support a share repurchase of at least $750 million, debt repayment, property acquisitions and portfolio expansion. Realty Income Announces Closing of $1.0 Billion Convertible Senior Notes Offering
• Positive Sentiment: Capped-call transactions tied to the notes are designed to reduce potential shareholder dilution. The financing also gives Realty Income additional flexibility to pursue growth while maintaining its investment-grade balance sheet and A credit rating.
• Neutral Sentiment: The bull case emphasizes Realty Income’s 30.3% three-year total return and dependable monthly dividend. However, investors are debating whether the newly announced buyback and growth investments can materially improve returns from current valuation levels. The Bull Case For Realty Income Could Change Following $1 Billion Convertible Notes And Buyback Plan
• Negative Sentiment: Analysts characterize Realty Income as fully priced or expensive rather than a clear bargain. Its strong recent performance may leave less room for error, while higher interest costs or tenant weakness could pressure future results. Realty Income Stock Looks Fully Priced Despite Strong Returns And Income
• Negative Sentiment: Ashton Thomas Private Wealth LLC reduced its Realty Income position by 20.5%, selling 11,873 shares. The transaction is small relative to the company’s market value but adds a modest institutional-selling signal. Realty Income Corporation Stock Position Reduced by Ashton Thomas Private Wealth LLC

Analyst Ratings Changes

A number of brokerages have recently weighed in on O. UBS Group set a $67.00 price target on Realty Income in a research report on Thursday, June 18th. Royal Bank Of Canada reduced their price objective on Realty Income from $71.00 to $70.00 and set an "outperform" rating for the company in a research report on Friday, August 7th. Huntington started coverage on Realty Income in a research note on Wednesday, July 15th. They set an "outperform" rating and a $70.00 price objective for the company. Mizuho lowered their price objective on Realty Income from $68.00 to $66.00 and set a "neutral" rating for the company in a research note on Wednesday, May 13th. Finally, Stifel Nicolaus set a $70.75 target price on Realty Income in a research report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $67.42.

Realty Income Stock Down 0.3%

Realty Income stock opened at $62.75 on Friday. Realty Income Corporation has a 52 week low of $55.86 and a 52 week high of $67.93. The stock has a market cap of $59.38 billion, a price-to-earnings ratio of 45.80, a PEG ratio of 4.46 and a beta of 0.71. The company's 50-day moving average price is $63.07 and its two-hundred day moving average price is $63.08. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, hitting the consensus estimate of $1.09. The firm had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The firm's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 earnings per share. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, analysts expect that Realty Income Corporation will post 4.43 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a $0.271 dividend. The ex-dividend date was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.2%. Realty Income's dividend payout ratio is 237.23%.

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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