AIA Group Ltd Boosts Holdings in Realty Income Corporation $O

AIA Group Ltd grew its stake in shares of Realty Income Corporation (NYSE:O) by 160.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,409 shares of the real estate investment trust’s stock after acquiring an additional 26,121 shares during the quarter. AIA Group Ltd’s holdings in Realty Income were worth $2,578,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of O. State Street Corp lifted its stake in shares of Realty Income by 1.1% in the 2nd quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock valued at $3,556,436,000 after purchasing an additional 676,697 shares in the last quarter. OLD National Bancorp IN acquired a new stake in Realty Income during the 3rd quarter worth approximately $3,391,000. ProShare Advisors LLC increased its position in Realty Income by 5.3% during the 3rd quarter. ProShare Advisors LLC now owns 3,067,894 shares of the real estate investment trust’s stock worth $186,497,000 after purchasing an additional 155,677 shares in the last quarter. Federated Hermes Inc. raised its holdings in Realty Income by 13.1% in the second quarter. Federated Hermes Inc. now owns 2,669,031 shares of the real estate investment trust’s stock valued at $153,763,000 after buying an additional 309,902 shares during the period. Finally, Allied Investment Advisors LLC acquired a new position in Realty Income during the third quarter valued at approximately $10,870,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Trading Down 0.7%

O opened at $62.62 on Friday. The firm’s 50 day moving average is $63.43 and its 200-day moving average is $60.03. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $67.93. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $58.39 billion, a P/E ratio of 53.52, a P/E/G ratio of 4.67 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 earnings per share for the quarter, meeting 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 net margin of 18.41% and a return on equity of 2.68%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 earnings per share. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. Analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.2705 per share. The ex-dividend date is Tuesday, March 31st. This represents a c) annualized dividend 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 presently 276.92%.

Analyst Ratings Changes

O has been the subject of several research reports. Evercore reiterated a “positive” rating on shares of Realty Income in a research note on Wednesday, February 25th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $61.00 target price on shares of Realty Income in a research note on Thursday, December 18th. Deutsche Bank Aktiengesellschaft raised shares of 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. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a research report on Monday, December 29th. Finally, Barclays boosted their price objective on Realty Income from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Friday, March 13th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Realty Income has a consensus rating of “Hold” and an average price target of $66.39.

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.