Realty Income Corporation (NYSE:O) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 13.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,215 shares of the real estate investment trust's stock after purchasing an additional 17,551 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Realty Income were worth $8,277,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Realty Income by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock worth $7,436,622,000 after acquiring an additional 555,908 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Realty Income by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock worth $1,253,584,000 after acquiring an additional 658,240 shares during the last quarter. Northern Trust Corp boosted its holdings in Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after acquiring an additional 3,834,403 shares during the last quarter. Norges Bank purchased a new position in Realty Income during the 4th quarter worth $624,666,000. Finally, Raymond James Financial Inc. purchased a new position in Realty Income during the 4th quarter worth $553,572,000. Institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on O shares. JPMorgan Chase & Co. cut their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Wedbush reiterated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Stifel Nicolaus upped their price target on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Scotiabank upped their price target on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Finally, Mizuho upped 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. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $61.15.

Realty Income Trading Down 0.1%

O stock traded down $0.05 during midday trading on Thursday, hitting $57.71. 2,933,482 shares of the company's stock were exchanged, compared to its average volume of 5,229,824. The business has a 50-day simple moving average of $56.73 and a two-hundred day simple moving average of $55.68. 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 capitalization of $52.11 billion, a PE ratio of 52.46, a P/E/G ratio of 4.04 and a beta of 0.75. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. Realty Income's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 EPS. On average, sell-side analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a $0.269 dividend. This is an increase from Realty Income's previous jul 25 dividend of $0.27. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 1st. Realty Income's payout ratio is presently 293.64%.

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.