MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Position in Realty Income Corporation $O

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Realty Income Corporation by 114.4%, acquiring over 117,000 shares for a total of $12.7 million in holdings.
• The company announced a new monthly dividend of $0.269, an increase from the previous $0.26, representing an annual yield of 5.5%.
• Analysts have a consensus rating of "Hold" for Realty Income stock, with a target price ranging between $58.00 and $66.00.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 114.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 219,279 shares of the real estate investment trust's stock after purchasing an additional 117,025 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Realty Income were worth $12,689,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Norinchukin Bank The boosted its holdings in shares of Realty Income by 9.7% in the first quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust's stock worth $4,929,000 after acquiring an additional 7,497 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Realty Income by 5.3% in the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock worth $23,018,000 after acquiring an additional 19,965 shares during the period. Community Bank of Raymore boosted its holdings in shares of Realty Income by 19.7% in the first quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust's stock worth $8,636,000 after acquiring an additional 24,467 shares during the period. Venture Visionary Partners LLC boosted its holdings in shares of Realty Income by 6.2% in the first quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust's stock worth $8,266,000 after acquiring an additional 8,297 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Realty Income by 0.4% in the first quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock worth $662,589,000 after acquiring an additional 48,024 shares during the period. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on O shares. Mizuho raised their price target on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday. Scotiabank raised their price target on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Barclays raised their price target on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Finally, UBS Group lifted their price objective on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, Realty Income currently has an average rating of "Hold" and a consensus price target of $62.36.

Realty Income Price Performance

NYSE O traded up $0.27 during trading hours on Friday, reaching $60.43. 3,907,410 shares of the stock traded hands, compared to its average volume of 5,093,760. The stock has a 50 day simple moving average of $57.92 and a two-hundred day simple moving average of $57.08. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market cap of $55.25 billion, a price-to-earnings ratio of 58.67, a price-to-earnings-growth ratio of 4.60 and a beta of 0.77.

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 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the previous year, the business earned $1.07 EPS. The company's revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a dividend of $0.2695 per share. The ex-dividend date is Wednesday, October 1st. This is a positive change from Realty Income's previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a yield of 5.4%. Realty Income's dividend payout ratio (DPR) is 313.59%.

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.