Realty Income Co. (NYSE:O) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Realty Income Co. (NYSE:O) by 15.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,457 shares of the real estate investment trust’s stock after purchasing an additional 3,184 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Realty Income were worth $1,551,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC increased its stake in shares of Realty Income by 48.4% during the first quarter. Empowered Funds LLC now owns 11,233 shares of the real estate investment trust’s stock worth $608,000 after purchasing an additional 3,663 shares in the last quarter. Blair William & Co. IL boosted its holdings in Realty Income by 15.3% in the 1st quarter. Blair William & Co. IL now owns 17,514 shares of the real estate investment trust’s stock worth $947,000 after buying an additional 2,321 shares during the last quarter. Orion Portfolio Solutions LLC increased its stake in Realty Income by 15.8% during the 1st quarter. Orion Portfolio Solutions LLC now owns 16,300 shares of the real estate investment trust’s stock worth $882,000 after buying an additional 2,220 shares in the last quarter. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Realty Income in the first quarter valued at approximately $230,000. Finally, Nwam LLC boosted its stake in shares of Realty Income by 9.4% in the first quarter. Nwam LLC now owns 18,529 shares of the real estate investment trust’s stock worth $1,018,000 after acquiring an additional 1,587 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Down 1.5 %

Realty Income stock opened at $56.07 on Friday. The company has a market capitalization of $49.07 billion, a PE ratio of 53.40, a price-to-earnings-growth ratio of 4.00 and a beta of 0.99. 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 Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The firm has a 50 day moving average price of $61.56 and a 200 day moving average price of $57.98.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the firm posted $1.02 EPS. Realty Income’s quarterly revenue was up 28.1% compared to the same quarter last year. Research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a $0.2635 dividend. This is a positive change from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date is Monday, December 2nd. This represents a $3.16 annualized dividend and a dividend yield of 5.64%. Realty Income’s dividend payout ratio (DPR) is presently 300.96%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on O shares. Royal Bank of Canada decreased their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. Mizuho downgraded Realty Income from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $64.00 to $60.00 in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $63.85.

Insider Activity at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now owns 26,579 shares in the company, valued at $1,663,313.82. This represents a 6.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the transaction, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. The trade was a 48.75 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Realty Income Company 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.