Victory Capital Management Inc. Purchases 35,980 Shares of Realty Income Corporation $O

Victory Capital Management Inc. grew its holdings in shares of Realty Income Corporation (NYSE:O) by 8.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 446,954 shares of the real estate investment trust’s stock after buying an additional 35,980 shares during the quarter. Victory Capital Management Inc.’s holdings in Realty Income were worth $27,170,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of O. Heartwood Wealth Advisors LLC bought a new position in Realty Income in the 3rd quarter valued at $29,000. Strengthening Families & Communities LLC lifted its position in shares of Realty Income by 586.1% during the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 422 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Realty Income during the second quarter valued at $31,000. Country Trust Bank boosted its stake in shares of Realty Income by 806.5% during the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 500 shares during the period. Finally, VSM Wealth Advisory LLC bought a new position in shares of Realty Income in the second quarter worth about $43,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

O has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $61.00 price objective on shares of Realty Income in a report on Thursday, December 18th. Morgan Stanley raised their target price on shares of Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 24th. UBS Group lifted their price target on shares of Realty Income from $66.00 to $72.00 and gave the company a “buy” rating in a research note on Monday. Scotiabank raised Realty Income from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $60.00 to $67.00 in a research note on Friday, January 30th. Finally, Evercore restated a “positive” rating on shares of Realty Income in a report on Wednesday, February 25th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $65.61.

Realty Income Stock Down 0.2%

Shares of Realty Income stock opened at $64.87 on Tuesday. 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 stock has a market cap of $60.49 billion, a price-to-earnings ratio of 55.45, a PEG ratio of 3.87 and a beta of 0.77. The firm’s 50-day moving average is $62.32 and its two-hundred day moving average is $59.73. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $67.93.

Realty Income (NYSE:O) last posted its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the business posted $1.05 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. As a group, research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.27 per share. The ex-dividend date is Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 5.0%. Realty Income’s dividend payout ratio is currently 276.92%.

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.