Mufg Securities Americas Inc. Makes New $690,000 Investment in Realty Income Co. (NYSE:O)

Mufg Securities Americas Inc. purchased a new position in Realty Income Co. (NYSE:O - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,920 shares of the real estate investment trust's stock, valued at approximately $690,000.

A number of other large investors have also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of Realty Income during the fourth quarter valued at about $553,572,000. Trust Co. of Vermont raised its position in shares of Realty Income by 12.7% in the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock valued at $13,540,000 after purchasing an additional 28,480 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 valued at $40,656,000 after purchasing an additional 166,178 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Realty Income by 6.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock valued at $93,850,000 after purchasing an additional 101,184 shares during the last quarter. Finally, Employees Retirement System of Texas grew its holdings in shares of Realty Income by 19.0% during the 4th quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock valued at $26,074,000 after purchasing an additional 78,000 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Down 0.8%

Shares of NYSE O opened at $54.60 on Thursday. The firm's 50 day moving average price is $56.38 and its 200-day moving average price is $55.83. The company has a market cap of $49.31 billion, a PE ratio of 52.00, a P/E/G ratio of 2.10 and a beta of 0.78. Realty Income Co. has a 52-week low of $50.71 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. On average, equities research analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given a dividend of $0.2685 per share. The ex-dividend date is Monday, June 2nd. This represents a yield of 5.8%. Realty Income's dividend payout ratio (DPR) is 292.73%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Stifel Nicolaus raised their price target on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Mizuho lifted their price target on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, April 3rd. UBS Group dropped their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Wedbush reissued a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $61.15.

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.

Want to see what other hedge funds are holding O? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Realty Income Co. (NYSE:O - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.