Sumitomo Mitsui DS Asset Management Company Ltd Has $17.74 Million Stock Holdings in Realty Income Corporation $O

Key Points

• Sumitomo Mitsui DS Asset Management increased its stake in Realty Income Corporation by 6.0%, owning 307,919 shares worth $17,739,000 following additional purchases in the second quarter.
• Realty Income announced a monthly dividend increase from $0.27 to $0.2695 per share, representing a 5.5% annual yield, with the next payment date set for October 15.
• Despite a slight decline in share price, Realty Income's recent quarterly earnings report showed a 5.3% year-over-year revenue increase to $1.34 billion, though EPS fell short of analysts' expectations.

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 6.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 307,919 shares of the real estate investment trust's stock after acquiring an additional 17,298 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Realty Income were worth $17,739,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Focus Financial Network Inc. increased its position in Realty Income by 26.0% during the second quarter. Focus Financial Network Inc. now owns 13,423 shares of the real estate investment trust's stock worth $773,000 after buying an additional 2,766 shares during the last quarter. Sivia Capital Partners LLC increased its position in Realty Income by 12.0% during the second quarter. Sivia Capital Partners LLC now owns 3,873 shares of the real estate investment trust's stock worth $223,000 after buying an additional 414 shares during the last quarter. Gilman Hill Asset Management LLC increased its position in Realty Income by 4.6% during the second quarter. Gilman Hill Asset Management LLC now owns 191,320 shares of the real estate investment trust's stock worth $11,022,000 after buying an additional 8,336 shares during the last quarter. Channel Wealth LLC increased its position in Realty Income by 21.6% during the second quarter. Channel Wealth LLC now owns 16,688 shares of the real estate investment trust's stock worth $961,000 after buying an additional 2,966 shares during the last quarter. Finally, Pallas Capital Advisors LLC acquired a new position in Realty Income during the second quarter worth approximately $203,000. Institutional investors own 70.81% of the company's stock.

Realty Income Trading Up 0.2%

NYSE:O traded up $0.10 during trading hours on Friday, hitting $59.21. 12,675,505 shares of the company were exchanged, compared to its average volume of 5,134,880. The stock has a market capitalization of $54.14 billion, a price-to-earnings ratio of 57.49, a price-to-earnings-growth ratio of 4.52 and a beta of 0.77. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88. The company has a fifty day simple moving average of $58.17 and a 200 day simple moving average of $57.17.

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

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.2695 per share. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Wednesday, October 1st. This is an increase from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio (DPR) is 313.59%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on O shares. Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Mizuho upped their target price on Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, September 11th. UBS Group upped their target price on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Barclays upped their target price on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 20th. Finally, Scotiabank increased their price target on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. Three investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Realty Income presently has an average rating of "Hold" and an average target price of $62.36.

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.