Mitsubishi UFJ Asset Management Co. Ltd. Increases Holdings in Realty Income Corporation (NYSE:O)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 9.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,277,116 shares of the real estate investment trust's stock after purchasing an additional 196,075 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.26% of Realty Income worth $132,095,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in O. Brighton Jones LLC lifted its holdings in Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock worth $326,000 after buying an additional 615 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Realty Income by 0.3% in the 4th quarter. Wellington Management Group LLP now owns 185,011 shares of the real estate investment trust's stock valued at $9,881,000 after purchasing an additional 487 shares in the last quarter. Shelton Capital Management grew its position in shares of Realty Income by 41.1% during the 4th quarter. Shelton Capital Management now owns 4,933 shares of the real estate investment trust's stock valued at $263,000 after buying an additional 1,437 shares during the last quarter. Bank of Nova Scotia grew its position in shares of Realty Income by 6.5% during the 4th quarter. Bank of Nova Scotia now owns 125,245 shares of the real estate investment trust's stock valued at $6,689,000 after buying an additional 7,655 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Realty Income by 21.6% during the 4th quarter. Renaissance Technologies LLC now owns 715,344 shares of the real estate investment trust's stock valued at $38,207,000 after buying an additional 127,300 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on O. Stifel Nicolaus raised their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. 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 report on Monday, May 5th. Barclays restated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Wedbush reaffirmed a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. Finally, Scotiabank raised their price objective 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. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $61.36.

Realty Income Price Performance

NYSE:O opened at $57.15 on Friday. The firm has a market cap of $51.61 billion, a PE ratio of 55.49, a price-to-earnings-growth ratio of 3.99 and a beta of 0.76. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69. The company's 50-day moving average price is $57.20 and its two-hundred day moving average price is $56.41.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.35%. Realty Income's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 earnings per share. On average, equities analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $0.269 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a dividend yield of 570.0%. Realty Income's payout ratio is currently 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.

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