Bank of New York Mellon Corp Has $313.36 Million Stake in Realty Income Corporation $O

Bank of New York Mellon Corp reduced its position in shares of Realty Income Corporation (NYSE:O) by 1.5% in the 4th quarter, Holdings Channel reports. The firm owned 5,559,034 shares of the real estate investment trust’s stock after selling 84,820 shares during the period. Bank of New York Mellon Corp’s holdings in Realty Income were worth $313,363,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in O. Norges Bank bought a new stake in shares of Realty Income during the fourth quarter worth $558,775,000. Vanguard Group Inc. grew its stake in shares of 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 last quarter. State Street Corp grew its stake in shares of Realty Income by 2.1% during the third quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock worth $3,831,526,000 after buying an additional 1,295,936 shares during the last quarter. Barclays PLC grew its stake in shares of Realty Income by 52.7% during the third quarter. Barclays PLC now owns 2,741,766 shares of the real estate investment trust’s stock worth $166,672,000 after buying an additional 946,815 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Realty Income by 8.3% during the fourth quarter. Legal & General Group Plc now owns 10,699,509 shares of the real estate investment trust’s stock worth $603,131,000 after buying an additional 823,489 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of O opened at $59.69 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $55.66 billion, a P/E ratio of 48.92, a price-to-earnings-growth ratio of 4.67 and a beta of 0.72. The firm’s fifty day simple moving average is $62.36 and its two-hundred day simple moving average is $61.27. Realty Income Corporation has a 12 month low of $55.57 and a 12 month high of $67.93.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, analysts predict that Realty Income Corporation will post 4.44 EPS for the current year.

Realty Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.2705 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 5.4%. Realty Income’s dividend payout ratio is 265.57%.

Analysts Set New Price Targets

A number of research firms have weighed in on O. Jefferies Financial Group began coverage on shares of Realty Income in a research note on Monday. They set a “buy” rating and a $69.00 target price on the stock. UBS Group raised shares of Realty Income to a “hold” rating in a research note on Monday. Mizuho reduced their price objective on shares of Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 13th. Loop Capital set a $69.00 price objective on shares of Realty Income in a research note on Monday, March 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of Realty Income from $67.75 to $70.50 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average price target of $67.46.

Insider Buying and Selling

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total transaction of $461,908.00. Following the sale, the insider 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 can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

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.