Asset Management One Co. Ltd. Grows Position in Realty Income Corporation (NYSE:O)

Asset Management One Co. Ltd. increased its stake in Realty Income Corporation (NYSE:O - Free Report) by 0.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,798,950 shares of the real estate investment trust's stock after acquiring an additional 16,754 shares during the quarter. Asset Management One Co. Ltd. owned 0.20% of Realty Income worth $104,357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Smith Moore & CO. increased its stake in Realty Income by 4.8% during the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock valued at $237,000 after purchasing an additional 201 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Realty Income by 11.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock valued at $115,000 after purchasing an additional 218 shares in the last quarter. Kentucky Trust Co increased its stake in Realty Income by 2.6% during the 1st quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock valued at $524,000 after purchasing an additional 225 shares in the last quarter. Howard Capital Management Inc. increased its stake in Realty Income by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust's stock valued at $238,000 after purchasing an additional 229 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its stake in Realty Income by 1.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock valued at $675,000 after purchasing an additional 241 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

O has been the subject of several recent analyst reports. UBS Group reduced 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 note on Tuesday, May 13th. JPMorgan Chase & Co. reduced their target price on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Scotiabank upped their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Stifel Nicolaus upped their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, Mizuho upped their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $61.15.

Realty Income Stock Performance

Shares of NYSE:O traded down $0.41 during midday trading on Tuesday, reaching $57.96. The company had a trading volume of 5,385,482 shares, compared to its average volume of 5,226,926. The company's 50 day moving average price is $56.80 and its 200 day moving average price is $55.61. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The stock has a market cap of $52.34 billion, a P/E ratio of 52.69, a P/E/G ratio of 4.08 and a beta of 0.76. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The company's revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 earnings per share. As a group, sell-side analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be issued a dividend of $0.269 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This is an increase from Realty Income's previous jul 25 dividend of $0.27. This represents a yield of 5.6%. Realty Income's dividend payout ratio is 292.73%.

About Realty Income

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.