Realty Income Corporation $O Stock Holdings Boosted by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group Inc. increased its holdings in Realty Income Corporation by 1.1%, now owning approximately 4.5 million shares valued at $261.5 million as of the latest SEC filing.
• Realty Income announced a monthly dividend of $0.2695, with an upcoming ex-dividend date on October 31st, representing an annualized yield of 5.4%.
• Shares of Realty Income recently traded at $60.03, down 0.3%, with a current consensus rating of "Hold" and an average price target of $62.58.

Sumitomo Mitsui Trust Group Inc. grew its holdings in Realty Income Corporation (NYSE:O - Free Report) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,538,468 shares of the real estate investment trust's stock after purchasing an additional 49,160 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.50% of Realty Income worth $261,461,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of O. Moseley Investment Management Inc. grew its position in shares of Realty Income by 1.3% in the second quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust's stock valued at $781,000 after purchasing an additional 175 shares during the last quarter. Castle Rock Wealth Management LLC grew its position in shares of Realty Income by 0.6% in the second quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust's stock valued at $1,552,000 after purchasing an additional 177 shares during the last quarter. Revisor Wealth Management LLC grew its position in shares of Realty Income by 2.3% in the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust's stock valued at $454,000 after purchasing an additional 178 shares during the last quarter. Pure Financial Advisors LLC lifted its stake in shares of Realty Income by 3.5% in the second quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust's stock valued at $318,000 after buying an additional 185 shares during the period. Finally, N.E.W. Advisory Services LLC lifted its stake in shares of Realty Income by 1.2% in the first quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock valued at $899,000 after buying an additional 186 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Realty Income in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $64.00 target price for the company. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of Realty Income in a research note on Wednesday, October 8th. Evercore ISI assumed coverage on shares of Realty Income in a research note on Wednesday, October 1st. They issued an "in-line" rating and a $62.00 target price for the company. Finally, UBS Group increased their target price on shares of Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $62.58.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the sale, the director owned 19,211 shares of the company's stock, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Realty Income Stock Down 0.3%

Shares of O opened at $60.03 on Friday. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $63.29. The company has a 50-day moving average price of $59.40 and a two-hundred day moving average price of $57.74. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The stock has a market cap of $54.89 billion, a price-to-earnings ratio of 58.28, a P/E/G ratio of 4.60 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last issued 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 business's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 EPS. Equities analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a $0.2695 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. Realty Income's dividend payout ratio (DPR) is currently 313.59%.

Realty Income 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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