Key Points
- Insider sale: Michelle Bushore sold 7,400 Realty Income shares on April 2 at an average price of $62.42 for about $461,908, cutting her stake by 9.86% to 67,641 shares (SEC filing).
- Dividend raised: Realty Income increased its monthly dividend to $0.2705 (from $0.27), implying a ~5.2% yield with an unusually high reported payout ratio of 277.78%; the ex-dividend date was March 31 and payment is April 15.
- Company snapshot and sentiment: Realty Income (~$58B market cap) reported in-line quarterly results, set FY2026 EPS guidance of $4.38–$4.42 (analysts average ~4.19), trades at a P/E around 53, and carries an average analyst rating of "Hold" with a $66.39 price target.
Realty Income Corporation (NYSE:O - Get Free Report) 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 transaction, the insider owned 67,641 shares in the company, valued at $4,222,151.22. The trade was a 9.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Realty Income Trading Up 0.6%
Shares of NYSE O opened at $62.23 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 1.40. The business's 50 day moving average price is $63.53 and its 200-day moving average price is $60.17. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $67.93. The company has a market cap of $58.03 billion, a price-to-earnings ratio of 53.19, a PEG ratio of 4.69 and a beta of 0.79.
Realty Income (NYSE:O - Get Free Report) last released its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. Realty Income had a return on equity of 2.68% and a net margin of 18.41%.The business's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $1.05 earnings per share. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. On average, sell-side analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.
Realty Income Increases Dividend
The company also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.2705 per share. This is an increase from Realty Income's previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Tuesday, March 31st. Realty Income's payout ratio is 277.78%.
Key Headlines Impacting Realty Income
Here are the key news stories impacting Realty Income this week:
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Realty Income by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust's stock valued at $8,478,910,000 after acquiring an additional 684,949 shares during the last quarter. State Street Corp lifted its position in Realty Income by 0.8% in the fourth quarter. State Street Corp now owns 63,559,987 shares of the real estate investment trust's stock valued at $3,599,676,000 after buying an additional 531,095 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Realty Income by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust's stock worth $1,655,991,000 after purchasing an additional 793,100 shares during the period. Morgan Stanley boosted its position in shares of 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 buying an additional 3,252,091 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Realty Income by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 12,863,638 shares of the real estate investment trust's stock valued at $725,144,000 after acquiring an additional 192,467 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.
Analyst Upgrades and Downgrades
O has been the subject of several recent research reports. 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. Barclays boosted their price objective on shares of Realty Income from $64.00 to $65.00 and gave the company an "equal weight" rating in a report on Friday, March 13th. Evercore reiterated a "positive" rating on shares of Realty Income in a report on Wednesday, February 25th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $61.00 price objective on shares of Realty Income in a research note on Thursday, December 18th. Finally, UBS Group boosted their target price on shares of Realty Income from $66.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, March 9th. 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 stock. Based on data from MarketBeat, Realty Income has an average rating of "Hold" and an average price target of $66.39.
Check Out Our Latest Stock Analysis on O
About Realty Income
(
Get Free Report)
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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