Russell Investments Group Ltd. Buys 568,944 Shares of Realty Income Corporation $O

Key Points

• Russell Investments increased its stake in Realty Income by 38.6%, buying 568,944 shares to hold 2,043,391 shares worth about $124.21 million (≈0.22% of the company).
• Analyst coverage is mixed: Realty Income has a consensus rating of "Hold" with an average price target of $65.61, though firms like Deutsche Bank and RBC recently upgraded/raised targets (to Buy and $70, respectively).
• Realty Income reported Q results in line with estimates (EPS $1.08, revenue +11% YoY), set FY2026 guidance of 4.38–4.42 EPS, and declared a monthly $0.27 dividend (≈5.0% yield) despite a very high payout ratio (~277%).

Russell Investments Group Ltd. grew its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 38.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,043,391 shares of the real estate investment trust's stock after acquiring an additional 568,944 shares during the quarter. Russell Investments Group Ltd. owned about 0.22% of Realty Income worth $124,209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp raised its stake in shares of Realty Income by 1.1% in the second quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust's stock worth $3,556,436,000 after purchasing an additional 676,697 shares during the last quarter. OLD National Bancorp IN bought a new position in shares of Realty Income in the third quarter valued at approximately $3,391,000. ProShare Advisors LLC boosted its position in shares of Realty Income by 5.3% during the third quarter. ProShare Advisors LLC now owns 3,067,894 shares of the real estate investment trust's stock valued at $186,497,000 after buying an additional 155,677 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Realty Income by 13.1% during the second quarter. Federated Hermes Inc. now owns 2,669,031 shares of the real estate investment trust's stock valued at $153,763,000 after buying an additional 309,902 shares during the last quarter. Finally, Allied Investment Advisors LLC bought a new stake in Realty Income during the third quarter worth $10,870,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised Realty Income from a "hold" rating to a "buy" rating and set a $69.00 price target for the company in a research report on Tuesday, January 20th. Weiss Ratings reiterated a "hold (c)" rating on shares of Realty Income in a research note on Monday, December 29th. Royal Bank Of Canada increased their target price on shares of Realty Income from $61.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $61.00 price target on shares of Realty Income in a research report on Thursday, December 18th. Finally, Morgan Stanley boosted their price target on shares of Realty Income from $62.00 to $65.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 24th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Realty Income presently has a consensus rating of "Hold" and an average price target of $65.61.

Realty Income Stock Performance

Shares of Realty Income stock opened at $64.87 on Tuesday. The business's fifty day simple moving average is $62.32 and its 200 day simple moving average is $59.73. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $67.93. The firm has a market capitalization of $60.49 billion, a P/E ratio of 55.45, a price-to-earnings-growth ratio of 3.87 and a beta of 0.77.

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

Realty Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $0.27 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, February 27th. Realty Income's payout ratio is 276.92%.

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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