Realty Income Corporation $O Shares Acquired by Allstate Corp

Allstate Corp raised its holdings in shares of Realty Income Corporation (NYSE:O) by 133.0% in the 4th quarter, HoldingsChannel reports. The fund owned 95,175 shares of the real estate investment trust’s stock after buying an additional 54,335 shares during the quarter. Allstate Corp’s holdings in Realty Income were worth $5,365,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. MSH Capital Advisors LLC boosted its position in shares of Realty Income by 8.1% during the 4th quarter. MSH Capital Advisors LLC now owns 58,069 shares of the real estate investment trust’s stock worth $3,273,000 after acquiring an additional 4,328 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Realty Income by 25.3% during the 4th quarter. Fisher Asset Management LLC now owns 5,053 shares of the real estate investment trust’s stock worth $285,000 after acquiring an additional 1,019 shares in the last quarter. Clearstead Trust LLC boosted its position in shares of Realty Income by 46.5% during the 4th quarter. Clearstead Trust LLC now owns 52,782 shares of the real estate investment trust’s stock worth $2,975,000 after acquiring an additional 16,760 shares in the last quarter. CYBER HORNET ETFs LLC boosted its position in shares of Realty Income by 7.4% during the 4th quarter. CYBER HORNET ETFs LLC now owns 2,417 shares of the real estate investment trust’s stock worth $136,000 after acquiring an additional 166 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its position in shares of Realty Income by 21.4% during the 4th quarter. Clearstead Advisors LLC now owns 9,661 shares of the real estate investment trust’s stock worth $545,000 after acquiring an additional 1,702 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Realty Income in a research report on Friday, April 10th. Freedom Capital raised Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Wall Street Zen raised Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Mizuho decreased their target price on Realty Income from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Finally, Barclays upped their target price on Realty Income from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Realty Income has an average rating of “Hold” and an average target price of $67.35.

Insider Buying and Selling

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total transaction of $461,908.00. Following the completion of the sale, the insider directly owned 67,641 shares of the company’s stock, valued at $4,222,151.22. This represents a 9.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Realty Income Stock Up 0.8%

O opened at $62.49 on Wednesday. The business has a 50 day moving average price of $62.61 and a two-hundred day moving average price of $61.08. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72. The company has a market cap of $58.27 billion, a PE ratio of 51.22, a P/E/G ratio of 4.84 and a beta of 0.75. Realty Income Corporation has a 52 week low of $55.52 and a 52 week high of $67.93.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. The firm 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 2.80% and a net margin of 18.94%.The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, research analysts anticipate that Realty Income Corporation will post 4.45 EPS for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.2705 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) annualized dividend and a yield of 5.2%. Realty Income’s dividend payout ratio is currently 266.39%.

Realty Income 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.