Is Realty Income (O) Stock a Buy After UBS Dropped $641M on It This Quarter?

TLDR

• Realty Income has paid 674 consecutive monthly dividends since 1969, growing the payout 135 times since its 1994 NYSE listing.
• UBS Asset Management increased its stake by over 22,000%, buying 10.3 million additional shares worth roughly $641.6 million in Q2.
• Q2 revenue came in at $1.55 billion, up 9.7% year over year, with earnings of $1.09 per share meeting estimates.
• The company declared a monthly dividend of $0.271 per share, payable September 15, with a yield of about 5.2%.
• Analysts hold a “Moderate Buy” consensus with an average price target of $67.42, versus a current price around $62.

Realty Income stock opened at $62.03 on Friday, sitting below its 50-day moving average of $63.31 and its 200-day moving average of $63.16. The stock carries a market cap of $58.69 billion, a P/E ratio of 45.28, and a 52-week range of $55.86 to $67.93.

Realty Income Corporation, O

The REIT reported Q2 earnings on August 5. Revenue hit $1.55 billion, beating the consensus estimate of $1.40 billion by a comfortable margin. Earnings per share of $1.09 matched expectations exactly, up from $1.05 in the same quarter last year.

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