545,017 Shares in Realty Income Co. (NYSE:O) Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. acquired a new stake in Realty Income Co. (NYSE:O) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 545,017 shares of the real estate investment trust’s stock, valued at approximately $28,826,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new stake in shares of Realty Income in the fourth quarter valued at about $28,000. Hopwood Financial Services Inc. purchased a new position in Realty Income in the fourth quarter valued at about $29,000. Sierra Ocean LLC acquired a new stake in shares of Realty Income during the 4th quarter valued at approximately $32,000. Millstone Evans Group LLC purchased a new stake in shares of Realty Income during the 4th quarter worth approximately $34,000. Finally, BankPlus Trust Department acquired a new stake in shares of Realty Income in the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on O shares. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a report on Tuesday, February 25th. Scotiabank cut their price target on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Stifel Nicolaus decreased their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Barclays raised their target price on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Finally, Royal Bank of Canada reduced their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $62.42.

Realty Income Trading Down 3.4 %

Shares of Realty Income stock opened at $55.11 on Friday. The firm has a market cap of $49.15 billion, a PE ratio of 52.49, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The business’s fifty day moving average is $56.03 and its two-hundred day moving average is $57.08.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. The ex-dividend date is Tuesday, April 1st. This represents a yield of 5.7%. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s dividend payout ratio (DPR) is currently 328.57%.

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.