Nissay Asset Management Corp Japan ADV Has $12.18 Million Position in Realty Income Co. (NYSE:O)

Nissay Asset Management Corp Japan ADV increased its position in Realty Income Co. (NYSE:O) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 231,192 shares of the real estate investment trust’s stock after buying an additional 4,153 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Realty Income were worth $12,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new stake in Realty Income during the 4th quarter valued at approximately $28,000. Hopwood Financial Services Inc. acquired a new stake in Realty Income during the 4th quarter valued at approximately $29,000. Sierra Ocean LLC acquired a new stake in Realty Income during the 4th quarter valued at approximately $32,000. Millstone Evans Group LLC acquired a new stake in Realty Income during the 4th quarter valued at approximately $34,000. Finally, BankPlus Trust Department acquired a new stake in Realty Income during the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O opened at $54.60 on Thursday. Realty Income Co. has a 12-month low of $50.71 and a 12-month high of $64.88. The business’s fifty day moving average is $56.38 and its 200 day moving average is $55.83. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $49.31 billion, a P/E ratio of 52.00, a P/E/G ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period last year, the business earned $1.03 EPS. Realty Income’s quarterly revenue was up 9.5% compared to the same quarter last year. Sell-side analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.2685 per share. This represents a yield of 5.8%. The ex-dividend date is Monday, June 2nd. Realty Income’s dividend payout ratio (DPR) is presently 292.73%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on O shares. UBS Group decreased their target price on shares of Realty Income from $64.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday. Royal Bank of Canada reduced their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a research report on Tuesday, February 25th. Mizuho raised their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a research report on Monday, May 5th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.15.

Realty Income Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust (“REIT”), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.