Realty Income Corporation $O Shares Acquired by Norinchukin Bank The

Key Points

• Norinchukin Bank increased its stake in Realty Income Corporation by 9.7% during the first quarter, acquiring a total of 84,968 shares worth approximately $4.9 million.
• Realty Income is set to pay a monthly dividend of $0.269 per share on September 15th, reflecting a 5.4% dividend yield and an increase from the previous dividend amount.
• Following its latest earnings report, Realty Income posted a EPS of $1.05, slightly missing analysts' expectations, with a revenue of $1.34 billion for the quarter, marking a year-over-year increase of 5.3%.

Norinchukin Bank The lifted its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 9.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 84,968 shares of the real estate investment trust's stock after buying an additional 7,497 shares during the period. Norinchukin Bank The's holdings in Realty Income were worth $4,929,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in O. N.E.W. Advisory Services LLC increased its stake in shares of Realty Income by 1.2% during the 1st quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock worth $899,000 after purchasing an additional 186 shares in the last quarter. Associated Banc Corp increased its stake in shares of Realty Income by 1.9% during the 1st quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust's stock worth $595,000 after purchasing an additional 192 shares in the last quarter. Kentucky Trust Co increased its stake in shares of Realty Income by 2.6% during the 1st quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock worth $524,000 after purchasing an additional 225 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Realty Income by 1.9% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock worth $675,000 after purchasing an additional 241 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT increased its stake in shares of Realty Income by 0.7% during the 1st quarter. Alliance Wealth Advisors LLC UT now owns 36,915 shares of the real estate investment trust's stock worth $2,141,000 after purchasing an additional 247 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Down 0.6%

Shares of O opened at $59.5650 on Friday. The firm has a market cap of $54.46 billion, a PE ratio of 57.83, a price-to-earnings-growth ratio of 4.58 and a beta of 0.76. The company's fifty day moving average is $57.52 and its two-hundred day moving average is $56.66. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The company 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 2.34%. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.07 EPS. Analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm 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 dividend of $0.269 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Tuesday, September 2nd. This is a positive change from Realty Income's previous monthly dividend of $0.26. Realty Income's dividend payout ratio (DPR) is presently 312.62%.

Analyst Ratings Changes

O has been the topic of a number of analyst reports. UBS Group raised their target price on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. JPMorgan Chase & Co. decreased their target price on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Stifel Nicolaus raised their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Barclays raised their target price on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, Scotiabank raised their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Realty Income currently has a consensus rating of "Hold" and an average price target of $61.82.

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.

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