Asset Management One Co. Ltd. Increases Stock Holdings in Realty Income Corporation $O

Key Points

• Asset Management One increased its Realty Income stake by 1.2% in the second quarter, adding 21,879 shares to own 1.79 million shares valued at approximately $111 million. Institutional investors collectively own 70.81% of the REIT.
• Realty Income shares were up 0.7%, opening at $63.06, with the stock trading between a 52-week low of $55.86 and high of $67.93.
• The company announced a monthly dividend of $0.271 per share, representing a 5.2% annualized yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $67.42.

Asset Management One Co. Ltd. raised its position in Realty Income Corporation (NYSE:O - Free Report) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,792,045 shares of the real estate investment trust's stock after acquiring an additional 21,879 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.19% of Realty Income worth $111,035,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Latitude Advisors LLC lifted its position in shares of Realty Income by 7.1% during the second quarter. Latitude Advisors LLC now owns 6,371 shares of the real estate investment trust's stock worth $395,000 after purchasing an additional 422 shares in the last quarter. Werba Rubin Papier Wealth Management raised its stake in shares of Realty Income by 5.0% in the second quarter. Werba Rubin Papier Wealth Management now owns 6,958 shares of the real estate investment trust's stock valued at $431,000 after acquiring an additional 333 shares in the last quarter. Whittier Trust Co. boosted its holdings in Realty Income by 553.9% in the second quarter. Whittier Trust Co. now owns 6,467 shares of the real estate investment trust's stock valued at $409,000 after purchasing an additional 5,478 shares during the period. Clear Creek Financial Management LLC boosted its holdings in Realty Income by 16.7% in the second quarter. Clear Creek Financial Management LLC now owns 14,724 shares of the real estate investment trust's stock valued at $912,000 after purchasing an additional 2,102 shares during the period. Finally, Florida Trust Wealth Management Co grew its stake in Realty Income by 0.5% during the 2nd quarter. Florida Trust Wealth Management Co now owns 41,359 shares of the real estate investment trust's stock worth $2,563,000 after purchasing an additional 219 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Up 0.7%

Realty Income stock opened at $63.06 on Friday. The stock has a market cap of $59.67 billion, a PE ratio of 46.03, a P/E/G ratio of 4.54 and a beta of 0.71. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88. The stock's fifty day moving average is $63.03 and its two-hundred day moving average is $63.09. Realty Income Corporation has a 1-year low of $55.86 and a 1-year high of $67.93.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a dividend of $0.271 per share. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, July 31st. Realty Income's dividend payout ratio (DPR) is 237.23%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on O. Freedom Capital upgraded Realty Income from a "hold" rating to a "strong-buy" rating in a report on Monday, May 11th. Barclays decreased their price objective on Realty Income from $68.00 to $67.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 22nd. Robert W. Baird boosted their price objective on Realty Income from $64.00 to $65.00 and gave the stock a "neutral" rating in a research report on Monday, July 6th. Mizuho cut their target price on shares of Realty Income from $68.00 to $66.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 13th. Finally, Evercore set a $68.00 target price on shares of Realty Income in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $67.42.

Realty Income Company Profile

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.

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