CIBC Bancorp USA Inc. Makes New Investment in Realty Income Corporation $O

CIBC Bancorp USA Inc. purchased a new position in shares of Realty Income Corporation (NYSE:O) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 366,041 shares of the real estate investment trust’s stock, valued at approximately $22,252,000.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in Realty Income by 2.5% during the third quarter. Vanguard Group Inc. now owns 149,730,338 shares of the real estate investment trust’s stock worth $9,102,107,000 after buying an additional 3,594,127 shares during the period. State Street Corp lifted its position in shares of Realty Income by 2.1% during the 3rd 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 acquiring an additional 1,295,936 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Realty Income by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 12,671,171 shares of the real estate investment trust’s stock valued at $770,273,000 after acquiring an additional 433,602 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Realty Income by 1.5% during the 3rd quarter. Raymond James Financial Inc. now owns 12,186,943 shares of the real estate investment trust’s stock worth $740,844,000 after acquiring an additional 175,102 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Realty Income in the 2nd quarter worth approximately $676,500,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Loop Capital set a $69.00 price objective on Realty Income in a research note on Monday, March 2nd. Royal Bank Of Canada upped their target price on Realty Income from $61.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Deutsche Bank Aktiengesellschaft upgraded 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. Evercore reaffirmed a “positive” rating on shares of Realty Income in a research note on Wednesday, February 25th. Finally, Wall Street Zen upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $66.39.

Realty Income Trading Down 1.7%

Shares of Realty Income stock opened at $63.00 on Thursday. Realty Income Corporation has a 1 year low of $50.71 and a 1 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 business has a 50 day moving average price of $63.34 and a 200 day moving average price of $60.01. The company has a market capitalization of $58.74 billion, a P/E ratio of 53.85, a P/E/G ratio of 4.74 and a beta of 0.77.

Realty Income (NYSE:O) last announced its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 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 for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. Realty Income’s quarterly 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. Sell-side analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.2705 per share. The ex-dividend date is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 5.2%. This is a boost from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio (DPR) is 276.92%.

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.