Realty Income Corporation $O Shares Acquired by Pictet Asset Management Holding SA

by · The Cerbat Gem

Pictet Asset Management Holding SA raised its stake in Realty Income Corporation (NYSE:OFree Report) by 4.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 412,610 shares of the real estate investment trust’s stock after buying an additional 15,877 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Realty Income were worth $23,259,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 615 shares in the last quarter. Bison Wealth LLC purchased a new stake in shares of Realty Income in the fourth quarter valued at $571,000. Empowered Funds LLC grew its holdings in Realty Income by 8.0% in the 1st quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock valued at $1,041,000 after buying an additional 1,330 shares during the period. Woodline Partners LP grew its holdings in Realty Income by 41.3% in the first quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust’s stock valued at $4,289,000 after purchasing an additional 21,603 shares during the period. Finally, Intech Investment Management LLC grew its stake in shares of Realty Income by 14.9% during the 1st quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust’s stock valued at $1,474,000 after buying an additional 3,290 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Scotiabank increased their target price on shares of Realty Income from $67.00 to $69.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, March 11th. Loop Capital set a $69.00 price objective on shares of Realty Income in a research note on Monday, March 2nd. Mizuho increased their price objective on shares of Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. Morgan Stanley set a $67.00 target price on shares of Realty Income in a research note on Monday. Finally, Cantor Fitzgerald lifted their target price on shares of Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, February 27th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Realty Income has an average rating of “Hold” and a consensus price target of $66.75.

Read Our Latest Research Report on Realty Income

Realty Income Stock Up 1.5%

Shares of Realty Income stock opened at $64.25 on Friday. The business has a 50-day moving average price of $63.75 and a 200 day moving average price of $60.69. Realty Income Corporation has a fifty-two week low of $54.38 and a fifty-two week high of $67.93. The firm has a market cap of $59.91 billion, a P/E ratio of 54.92, a P/E/G ratio of 4.28 and a beta of 0.79. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:OGet Free Report) last issued its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.08. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The firm’s 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. On average, sell-side analysts forecast that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be given a dividend of $0.2705 per share. The ex-dividend date is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 5.1%. Realty Income’s payout ratio is currently 277.78%.

Realty Income News Roundup

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

Insider Transactions at Realty Income

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the business’s stock in a transaction 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 transaction, the insider owned 67,641 shares in the company, valued at approximately $4,222,151.22. The trade was a 9.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

About Realty Income

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Corporation (NYSE:OFree Report).