Centersquare Investment Management LLC Reduces Stock Position in Realty Income Corporation $O

Centersquare Investment Management LLC trimmed its holdings in Realty Income Corporation (NYSE:O) by 11.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,081,551 shares of the real estate investment trust’s stock after selling 524,411 shares during the period. Realty Income makes up 2.5% of Centersquare Investment Management LLC’s investment portfolio, making the stock its 15th biggest holding. Centersquare Investment Management LLC owned approximately 0.44% of Realty Income worth $248,117,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in O. Heartwood Wealth Advisors LLC bought a new stake in shares of Realty Income during the 3rd quarter valued at $29,000. Strengthening Families & Communities LLC grew its holdings in Realty Income by 586.1% during the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 422 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Realty Income during the second quarter valued at about $31,000. Country Trust Bank lifted its holdings in shares of Realty Income by 806.5% in the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 500 shares in the last quarter. Finally, Rossby Financial LCC bought a new position in shares of Realty Income in the second quarter valued at approximately $43,000. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Down 0.9%

Shares of NYSE O opened at $65.95 on Thursday. The stock has a market capitalization of $60.67 billion, a P/E ratio of 56.37, a PEG ratio of 3.93 and a beta of 0.79. Realty Income Corporation has a one year low of $50.71 and a one year high of $67.15. The firm’s 50 day simple moving average is $60.80 and its two-hundred day simple moving average is $59.29. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53.

Realty Income (NYSE:O) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.76). The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Realty Income had a net margin of 18.41% and a return on equity of 2.69%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 earnings per share. 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 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $0.27 dividend. The ex-dividend date is Friday, February 27th. This represents a c) annualized dividend and a yield of 4.9%. Realty Income’s payout ratio is presently 300.00%.

Key Stories Impacting Realty Income

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Q4 top-line and FFO/AFFO: Revenue grew ~11% year-over-year and AFFO/FFO roughly met consensus, supporting the REIT’s cash generation and dividend coverage. Realty Income’s Q4 AFFO Meets Estimates, Revenues Beat & Rise Y/Y
• Positive Sentiment: Portfolio strength and investment plans: Management flagged high occupancy (stable rent recapture) and is targeting roughly $8B of investments in 2026, signaling growth ambitions. Realty Income targets $8B in 2026 investments while expanding global partnerships
• Positive Sentiment: Analyst upgrades/targets: Royal Bank of Canada and Stifel raised price targets to ~$70 and put outperform/buy ratings on O, providing support to the rally and signaling upside from current levels. Benzinga TickerReport
• Positive Sentiment: Short interest dropped ~18.5% in February (to ~3.0% of float), reducing one potential source of selling pressure and signaling less bearish positioning.
• Neutral Sentiment: Market commentary highlights Realty Income as a reliable dividend name and long-term income holding; these retail-focused features support steady demand but don’t change the near-term earnings debate. 2 Best Dividend Stocks to Buy Now and Hold Forever
• Negative Sentiment: Big EPS miss: Reported EPS of $0.32 vs. consensus ~$1.08 — the miss is a primary reason for the pullback, raising near-term execution concerns despite AFFO staying inline. MarketBeat earnings summary
• Negative Sentiment: Guidance/FFO outlook concerns: Multiple reports note management’s commentary about slowing demand and higher property-management costs, and some coverage says 2026 FFO may come in below Wall Street expectations — a key risk for a dividend-oriented REIT. Realty Income forecasts annual FFO below estimates on slowing demand, higher costs
• Negative Sentiment: Market reaction/coverage: Several outlets note the earnings miss and muted guidance as a reason shares “edged lower” after the report — indicating sentiment and positioning shifted more cautious post-release. Realty Income edges lower on Q4 earnings miss

Wall Street Analysts Forecast Growth

O has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Tuesday, January 20th. Mizuho decreased their price target on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Royal Bank Of Canada increased their price objective on Realty Income from $61.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday. Scotiabank upgraded Realty Income from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $60.00 to $67.00 in a research report on Friday, January 30th. Finally, Stifel Nicolaus raised their price target on Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $64.27.

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.