Renaissance Technologies LLC Invests $3.15 Million in Realty Income Corporation $O

Key Points

• Renaissance Technologies acquired 51,444 Realty Income shares worth approximately $3.15 million in the first quarter, while institutional investors collectively own 70.81% of the REIT.
• Realty Income exceeded quarterly expectations, reporting $1.13 in EPS and $1.55 billion in revenue, with revenue up 12.2% year over year.
• The company declared a monthly dividend of $0.271 per share, equivalent to a roughly 5.2% annualized yield; analysts maintain a “Moderate Buy” consensus with a $67.42 target price versus a $62.52 share price.

Renaissance Technologies LLC bought a new position in shares of Realty Income Corporation (NYSE:O - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 51,444 shares of the real estate investment trust's stock, valued at approximately $3,147,000.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Realty Income in the 4th quarter valued at $558,775,000. Morgan Stanley boosted its stake in 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 worth $1,031,080,000 after acquiring an additional 3,252,091 shares in the last quarter. Deutsche Bank AG grew its holdings in Realty Income by 45.1% in the fourth quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust's stock worth $281,792,000 after purchasing an additional 1,554,726 shares during the period. State Street Corp increased its stake 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 in the last quarter. Finally, Legal & General Group Plc increased its stake in Realty Income by 8.3% in the fourth quarter. Legal & General Group Plc now owns 10,699,509 shares of the real estate investment trust's stock valued at $603,131,000 after purchasing an additional 823,489 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Trading Up 0.3%

O opened at $62.52 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 1.56. Realty Income Corporation has a fifty-two week low of $55.86 and a fifty-two week high of $67.93. The firm has a market capitalization of $58.30 billion, a PE ratio of 45.63, a P/E/G ratio of 4.89 and a beta of 0.71. The company's 50-day moving average is $62.83 and its 200 day moving average is $63.05.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.03. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The company's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.06 EPS. As a group, research analysts predict that Realty Income Corporation will post 4.43 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently declared 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. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, July 31st. Realty Income's dividend payout ratio is presently 237.23%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on O. Huntington started coverage on shares of Realty Income in a research report on Wednesday, July 15th. They set an "outperform" rating and a $70.00 price objective on the stock. Evercore set a $68.00 price target on Realty Income in a research note on Friday. UBS Group set a $67.00 price objective on Realty Income in a research note on Thursday, June 18th. Morgan Stanley set a $67.00 target price on Realty Income in a research report on Monday, April 27th. Finally, Scotiabank cut their target price on Realty Income from $72.00 to $67.00 and set a "sector outperform" rating on the stock in a report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $67.42.

Key Realty Income News

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

• Positive Sentiment: Realty Income reported second-quarter revenue above expectations, stable occupancy, lower costs and continued same-store rent growth. AFFO of $1.09 per share increased from $1.05 a year earlier and matched consensus estimates. Realty Income Q2 revenue beats amid stable occupancy, lower costs and same-store rental growth
• Positive Sentiment: Management raised its 2026 AFFO guidance and increased its investment-volume target to $10 billion, citing leasing strength, private-capital opportunities, recycling and expansion into data centers. Realty Income Q2 Earnings Call Raises 2026 Growth Targets
• Positive Sentiment: The REIT announced a roughly $6 billion hyperscale data-center joint venture with Cloud Capital, giving investors a potential new growth engine beyond its traditional net-lease portfolio. The Monthly Dividend Company Notches Its 115th Straight Raise, and Eyes Hyperscale
• Positive Sentiment: Realty Income recorded its 115th consecutive quarterly dividend increase, reinforcing its appeal to income-focused investors. Fitch also assigned the company an A credit rating, highlighting its diversified portfolio, financial strength and access to capital. Realty Income Gets an A Rating From Fitch
• Neutral Sentiment: Royal Bank of Canada lowered its price target to $70 but retained an Outperform rating, implying approximately 12% upside from the referenced price. Morgan Stanley remains more cautious with a Hold rating and a $67 target.
• Negative Sentiment: Despite the improved outlook, Realty Income’s high valuation and bond-proxy characteristics leave the stock sensitive to interest rates. Analysts also note that a severe deterioration in property cash flows, tenant health or capital-market access could eventually threaten its long dividend-growth streak. What Would Have to Go Wrong for Realty Income to Cut Its Dividend?

Realty Income Company 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.

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corporation (NYSE:O - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source