Realty Income Corporation $O Shares Acquired by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. increased its stake in Realty Income Corporation by 67.2%, now holding shares worth $12.65 million.
• Realty Income recently declared a monthly dividend of $0.269 per share, representing an annualized yield of 5.5%.
• The company reported a net revenue of $1.34 billion for the last quarter, exceeding analyst expectations, with earnings per share (EPS) of $1.05.

Nomura Holdings Inc. boosted its stake in Realty Income Corporation (NYSE:O - Free Report) by 67.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,035 shares of the real estate investment trust's stock after buying an additional 87,593 shares during the quarter. Nomura Holdings Inc.'s holdings in Realty Income were worth $12,648,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of O. Nuveen LLC purchased a new position in Realty Income in the 1st quarter worth approximately $207,573,000. Vanguard Group Inc. lifted its stake in Realty Income by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after purchasing an additional 3,274,853 shares in the last quarter. Centersquare Investment Management LLC lifted its stake in Realty Income by 27.0% in the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock worth $288,375,000 after purchasing an additional 1,055,840 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Realty Income by 9.6% in the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock worth $658,813,000 after purchasing an additional 992,303 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Realty Income by 6,002.1% in the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock worth $40,988,000 after purchasing an additional 694,983 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Trading Up 0.4%

Realty Income stock traded up $0.21 during trading on Wednesday, hitting $57.95. The company had a trading volume of 3,932,633 shares, compared to its average volume of 5,529,417. 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 company's 50 day simple moving average is $57.64 and its 200-day simple moving average is $56.91. The stock has a market cap of $52.98 billion, a price-to-earnings ratio of 56.26, a price-to-earnings-growth ratio of 4.49 and a beta of 0.77.

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). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business posted $1.07 EPS. The firm's revenue for the quarter was up 5.3% on a year-over-year basis. As a group, analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a $0.269 dividend. This is a boost from Realty Income's previous monthly dividend of $0.26. The ex-dividend date is Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 5.6%. Realty Income's payout ratio is 312.62%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on O shares. Wedbush reissued a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. UBS Group lifted their price target on shares of Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Scotiabank lifted their price target on shares of Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. Stifel Nicolaus lifted their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Finally, Barclays lifted their price target on shares of Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 20th. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $62.00.

Realty Income Company Profile

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.