Realty Income Corporation $O Position Increased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Realty Income Corporation (NYSE:O) by 9.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 343,564 shares of the real estate investment trust’s stock after acquiring an additional 28,545 shares during the period. Realty Income makes up about 0.8% of Meiji Yasuda Asset Management Co Ltd.’s holdings, making the stock its 23rd largest holding. Meiji Yasuda Asset Management Co Ltd.’s holdings in Realty Income were worth $19,930,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Keystone Global Partners LLC acquired a new position in shares of Realty Income during the first quarter valued at $26,000. PSI Advisors LLC increased its holdings in shares of Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 252 shares during the period. Fourth Dimension Wealth LLC bought a new stake in Realty Income in the 4th quarter valued at about $34,000. FSC Wealth Advisors LLC boosted its stake in Realty Income by 288.0% during the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 455 shares during the period. Finally, Orion Capital Management LLC acquired a new position in Realty Income during the 4th quarter valued at about $37,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

Shares of O opened at $59.22 on Monday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The company has a market cap of $54.14 billion, a price-to-earnings ratio of 57.49, a price-to-earnings-growth ratio of 4.53 and a beta of 0.77. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The company has a 50 day moving average of $57.72 and a two-hundred day moving average of $56.98.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.Realty Income’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 EPS. As a group, analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.269 per share. The ex-dividend date is Tuesday, September 2nd. This is an increase from Realty Income’s previous monthly dividend of $0.26. This represents a c) annualized dividend and a dividend yield of 5.5%. Realty Income’s payout ratio is presently 313.59%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on O shares. UBS Group raised their price target on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Scotiabank raised their target price on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Barclays lifted their target price on Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 20th. Finally, Wolfe Research lowered Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.00.

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.