Realty Income Corporation $O Shares Purchased by Meiji Yasuda Asset Management Co Ltd.

Key Points

• Meiji Yasuda Asset Management Co Ltd. increased its holdings in Realty Income Corporation by 9.1%, owning a total of 343,564 shares valued at approximately $19.93 million.
• Realty Income has announced an increase in its monthly dividend to $0.269 per share, which results in an annual yield of 5.5% and will be payable on September 15th.
• Several institutional investors have also modified their positions in Realty Income, with 70.81% of the company's stock now owned by institutional investors and hedge funds.

Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 9.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 343,564 shares of the real estate investment trust's stock after purchasing an additional 28,545 shares during the quarter. Realty Income makes up approximately 0.8% of Meiji Yasuda Asset Management Co Ltd.'s portfolio, 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 quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norinchukin Bank The increased its holdings in Realty Income by 9.7% during the 1st quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust's stock worth $4,929,000 after acquiring an additional 7,497 shares during the period. Victory Capital Management Inc. raised its position in shares of Realty Income by 5.3% in the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock worth $23,018,000 after buying an additional 19,965 shares in the last quarter. Community Bank of Raymore boosted its stake in Realty Income by 19.7% during the first quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust's stock valued at $8,636,000 after buying an additional 24,467 shares during the period. Venture Visionary Partners LLC grew its position in Realty Income by 6.2% during the first quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust's stock worth $8,266,000 after buying an additional 8,297 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Realty Income by 0.4% in the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock worth $662,589,000 after acquiring an additional 48,024 shares during the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Stock Performance

O stock traded up $0.73 on Thursday, hitting $60.18. The company's stock had a trading volume of 4,683,308 shares, compared to its average volume of 5,502,033. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The stock has a market cap of $55.02 billion, a price-to-earnings ratio of 58.43, a price-to-earnings-growth ratio of 4.55 and a beta of 0.77. The firm has a 50 day moving average of $57.82 and a two-hundred day moving average of $57.03.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate 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 net margin of 16.77% and a return on equity of 2.34%. The business's revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 earnings per share. Equities analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a dividend of $0.2695 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Wednesday, October 1st. This is a positive change from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio (DPR) is presently 313.59%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on O. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Scotiabank upped their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. Barclays boosted their price target on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. UBS Group raised their price target on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Finally, Mizuho increased their price objective on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, Realty Income presently has an average rating of "Hold" and a consensus target price of $62.36.

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.