Truist Financial Corp Increases Stock Holdings in Realty Income Corporation $O

Key Points

• Truist increased its stake in Realty Income by 6.6% in Q4, buying 82,015 shares to hold 1,319,555 shares (about 0.14% of the company) valued at roughly $74.38 million.
• Realty Income reported Q EPS of $1.08 (in line with estimates) and revenue of $1.40 billion (+11% YoY), and set FY2026 guidance of $4.380–$4.420 in EPS versus analysts' consensus of about $4.45.
• The company announced a monthly dividend of $0.2705 (ex-dividend April 30, payable May 15), implying a ~5.1% yield but a very high payout ratio of approximately 276.9%.

Truist Financial Corp increased its stake in Realty Income Corporation (NYSE:O - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,319,555 shares of the real estate investment trust's stock after purchasing an additional 82,015 shares during the period. Truist Financial Corp owned approximately 0.14% of Realty Income worth $74,383,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Stance Capital LLC bought a new position in shares of Realty Income in the third quarter worth approximately $27,000. Strengthening Families & Communities LLC increased its position in shares of Realty Income by 586.1% in the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 422 shares during the last quarter. Ameriflex Group Inc. increased its position in shares of Realty Income by 68.7% in the third quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 215 shares during the last quarter. FNY Investment Advisers LLC increased its position in shares of Realty Income by 622.2% in the fourth quarter. FNY Investment Advisers LLC now owns 650 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 560 shares during the last quarter. Finally, Maseco LLP bought a new position in shares of Realty Income in the fourth quarter worth approximately $43,000. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

O has been the topic of a number of recent research reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of Realty Income in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Realty Income from a "hold" rating to a "buy" rating and set a $69.00 price target on the stock in a research report on Tuesday, January 20th. Royal Bank Of Canada increased their price target on shares of Realty Income from $61.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, February 25th. Barclays increased their price target on shares of Realty Income from $65.00 to $68.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 21st. Finally, Mizuho increased their price target on shares of Realty Income from $60.00 to $68.00 and gave the company a "neutral" rating in a research report on Wednesday, March 11th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Realty Income has an average rating of "Hold" and a consensus price target of $66.75.

Realty Income Stock Down 0.7%

Shares of NYSE O opened at $63.38 on Tuesday. Realty Income Corporation has a one year low of $54.38 and a one year high of $67.93. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.40 and a quick ratio of 1.40. The firm's 50 day simple moving average is $63.75 and its two-hundred day simple moving average is $60.72. The stock has a market capitalization of $59.10 billion, a P/E ratio of 54.17, a PEG ratio of 4.32 and a beta of 0.75.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. The firm had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.40 billion. During the same quarter last year, the business earned $1.05 earnings per share. The business's revenue 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 expect that Realty Income Corporation will post 4.45 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be given a $0.2705 dividend. The ex-dividend date is Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. Realty Income's payout ratio is presently 276.92%.

Insider Activity

In other news, insider Michelle Bushore sold 7,400 shares of the company's stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total transaction of $461,908.00. Following the completion of the transaction, the insider directly owned 67,641 shares of the company's stock, valued at approximately $4,222,151.22. This represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company's stock.

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.

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