Realty Income Corporation (NYSE:O) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 4.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,621 shares of the real estate investment trust's stock after purchasing an additional 12,699 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Realty Income were worth $16,859,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of O. Raymond James Financial Inc. purchased a new stake in Realty Income during the 4th quarter worth about $553,572,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock worth $40,656,000 after acquiring an additional 166,178 shares in the last quarter. Employees Retirement System of Texas lifted its stake in Realty Income by 19.0% during the fourth quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock worth $26,074,000 after purchasing an additional 78,000 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Realty Income by 21.2% in the fourth quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock valued at $5,958,000 after purchasing an additional 19,527 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Realty Income in the first quarter valued at approximately $1,470,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wedbush restated a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Stifel Nicolaus boosted 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. Scotiabank raised their price objective on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. UBS Group reduced their target price on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Finally, 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. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Realty Income has an average rating of "Hold" and an average price target of $61.15.

Realty Income Price Performance

Shares of Realty Income stock traded down $0.06 during trading on Wednesday, reaching $57.74. The company's stock had a trading volume of 3,965,760 shares, compared to its average volume of 5,239,005. The business has a 50 day moving average price of $56.73 and a 200-day moving average price of $55.67. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The company has a market capitalization of $52.14 billion, a P/E ratio of 52.49, a price-to-earnings-growth ratio of 4.04 and a beta of 0.75. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.69.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting analysts' consensus estimates of $1.06. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The business's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 EPS. As a group, sell-side analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently disclosed a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be paid a $0.269 dividend. This is an increase from Realty Income's previous jul 25 dividend of $0.27. This represents a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 1st. Realty Income's dividend payout ratio (DPR) is presently 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.