Mitsubishi UFJ Asset Management Co. Ltd. Acquires New Stake in Realty Income Corporation $O

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Realty Income Corporation (NYSE:O - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,141,504 shares of the real estate investment trust's stock, valued at approximately $194,648,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.34% of Realty Income as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Realty Income by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust's stock valued at $8,478,910,000 after acquiring an additional 684,949 shares in the last quarter. State Street Corp raised its holdings in Realty Income by 0.8% during the fourth quarter. State Street Corp now owns 63,559,987 shares of the real estate investment trust's stock worth $3,599,676,000 after purchasing an additional 531,095 shares in the last quarter. Geode Capital Management LLC raised its holdings in Realty Income by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust's stock worth $1,655,991,000 after purchasing an additional 793,100 shares in the last quarter. Morgan Stanley lifted its position in Realty Income by 21.6% in the fourth quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust's stock valued at $1,031,080,000 after purchasing an additional 3,252,091 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Realty Income by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 13,018,219 shares of the real estate investment trust's stock valued at $796,457,000 after purchasing an additional 154,581 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Mizuho dropped their target price on Realty Income from $68.00 to $66.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 13th. Huntington initiated coverage on Realty Income in a report on Wednesday, July 15th. They issued an "outperform" rating and a $70.00 price target for the company. UBS Group set a $67.00 price target on Realty Income in a research note on Thursday, June 18th. Royal Bank Of Canada dropped their price objective on Realty Income from $71.00 to $70.00 and set an "outperform" rating on the stock in a report on Friday, August 7th. Finally, Freedom Capital upgraded Realty Income from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $67.42.

Realty Income Stock Down 0.4%

O stock opened at $62.46 on Tuesday. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. The company's 50-day moving average price is $63.12 and its 200 day moving average price is $63.11. Realty Income Corporation has a 52 week low of $55.86 and a 52 week high of $67.93. The company has a market cap of $59.10 billion, a P/E ratio of 45.59, a P/E/G ratio of 4.46 and a beta of 0.71.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, meeting analysts' consensus estimates of $1.09. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The firm had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.40 billion. During the same period in the prior year, the company earned $1.05 EPS. The firm's revenue was up 9.7% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, research analysts expect that Realty Income Corporation will post 4.43 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a dividend of $0.271 per share. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Friday, July 31st. Realty Income's dividend payout ratio is 237.23%.

About Realty Income

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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