Realty Income Corporation $O Stock Sold by North Star Investment Management Corp.

Key Points

• North Star Investment Management cut its Realty Income position by 62.4% in the third quarter, selling 31,710 shares and retaining 19,133 shares valued at approximately $1.04 million.
• Institutional investors own 70.81% of Realty Income, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $72.34.
• Realty Income shares opened at $57.22, and the company announced a monthly dividend of $0.2715 per share, representing a 5.7% annualized yield.

North Star Investment Management Corp. decreased its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 62.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,133 shares of the real estate investment trust's stock after selling 31,710 shares during the quarter. North Star Investment Management Corp.'s holdings in Realty Income were worth $1,039,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. BlackRock Inc. acquired a new position in Realty Income in the second quarter valued at $6,997,219,000. Legal & General Group Plc acquired a new stake in Realty Income in the 2nd quarter worth about $643,334,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Realty Income by 22,051.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,354,693 shares of the real estate investment trust's stock worth $641,577,000 after buying an additional 10,307,948 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Realty Income in the 2nd quarter worth about $340,180,000. Finally, Hsbc Holdings PLC purchased a new stake in Realty Income in the 2nd quarter valued at about $319,222,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Analysts Set New Price Targets

O has been the subject of a number of research analyst reports. Evercore set a $65.00 price objective on shares of Realty Income in a research note on Monday, September 21st. Robert W. Baird increased their price objective on shares of Realty Income from $64.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, July 6th. Stifel Nicolaus set a $63.75 target price on shares of Realty Income in a research report on Friday, October 9th. Huntington initiated coverage on shares of Realty Income in a research report on Wednesday, July 15th. They issued an "outperform" rating and a $70.00 target price on the stock. Finally, Truist Financial upgraded shares of Realty Income from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $72.34.

Key Headlines Impacting Realty Income

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

• Positive Sentiment: Realty Income declared its 676th consecutive monthly dividend, reinforcing its reputation as a reliable income investment. The company has paid monthly dividends for more than 56 years, maintains high occupancy, and leases properties to established tenants. Realty Income Just Declared Its 676th Consecutive Monthly Dividend
• Positive Sentiment: Realty Income continues to be highlighted among high-yield dividend stocks suitable for long-term income portfolios. Its history of raising payouts through different interest-rate environments may attract investors seeking defensive, recurring cash flow. Retire on Dividends: 5 High-Yield Stocks
• Neutral Sentiment: Wall Street previews ahead of Realty Income’s third-quarter 2026 results are concentrating on operating metrics beyond revenue and earnings, including property-level performance and funds-from-operations-related measures. The reports provide expectations but do not include new results. Ahead of Realty Income Q3 Earnings
• Negative Sentiment: A valuation analysis argues that Realty Income’s share price may be above fair value relative to its current earnings power, despite a 37.6% three-year shareholder return. That raises the risk that earnings or guidance will need to improve to justify further gains. Realty Income Stock May Sit Above Fair Value
• Negative Sentiment: REIT dividends are generally taxed as ordinary income in taxable accounts, potentially reducing after-tax returns for investors in higher tax brackets. This is a consideration for Realty Income’s income-focused shareholder base. Tax Treatment of High-Yield Dividends

Realty Income Stock Up 1.8%

Shares of NYSE O opened at $57.22 on Friday. Realty Income Corporation has a 12-month low of $53.15 and a 12-month high of $67.93. The company has a market cap of $54.14 billion, a P/E ratio of 41.76, a P/E/G ratio of 4.39 and a beta of 0.69. 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 stock has a fifty day moving average price of $57.62 and a 200 day moving average price of $61.61.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, hitting analysts' consensus estimates of $1.09. Realty Income had a return on equity of 3.12% and a net margin of 20.93%. The company had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.40 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. The firm's quarterly revenue was up 9.7% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Research analysts anticipate that Realty Income Corporation will post 4.45 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a dividend of $0.2715 per share. This represents a $3.26 annualized dividend and a dividend yield of 5.7%. The ex-dividend date is Friday, October 30th. Realty Income's dividend payout ratio (DPR) is presently 237.23%.

Realty Income Company Profile

Realty Income Corporation is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial properties. The company primarily invests in single-tenant properties that are leased to businesses under long-term, net lease agreements, under which tenants generally are responsible for property taxes, insurance and maintenance.

Its portfolio includes retail, grocery, convenience store, industrial, distribution and other commercial properties. Realty Income serves a broad range of tenants and seeks to generate recurring rental income through long-term leases.

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