Realty Income Corporation (NYSE:O) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Realty Income Corporation (NYSE:O - Free Report) by 2.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,489,308 shares of the real estate investment trust's stock after selling 100,148 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.50% of Realty Income worth $260,425,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Smith Moore & CO. lifted its holdings in Realty Income by 4.8% during the 4th quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after buying an additional 201 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Realty Income by 11.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock worth $115,000 after acquiring an additional 218 shares in the last quarter. Kentucky Trust Co boosted its stake in Realty Income by 2.6% in 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 during the period. B. Riley Wealth Advisors Inc. boosted its position in 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 acquiring an additional 241 shares during the period. Finally, PSI Advisors LLC boosted its stake in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 252 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on O shares. Wedbush reissued a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. UBS Group lowered their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Mizuho lifted their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. 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 report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. reduced their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $61.15.

Realty Income Price Performance

Shares of Realty Income stock traded down $0.14 during trading hours on Friday, reaching $57.06. The company's stock had a trading volume of 5,308,085 shares, compared to its average volume of 5,240,690. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88. The stock has a market cap of $51.53 billion, a P/E ratio of 51.87, a P/E/G ratio of 4.00 and a beta of 0.76. The firm has a 50 day moving average price of $56.76 and a 200-day moving average price of $55.63.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, meeting analysts' consensus estimates of $1.06. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the company earned $1.03 earnings per share. The firm's revenue for the quarter was up 9.5% compared to the same quarter last year. On average, analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a jul 25 dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.269 per share. This is a boost from Realty Income's previous jul 25 dividend of $0.27. The ex-dividend date is Tuesday, July 1st. This represents a yield of 5.6%. Realty Income's dividend payout ratio (DPR) is 292.73%.

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.