Sumitomo Mitsui DS Asset Management Company Ltd Buys 22,389 Shares of Realty Income Co. (NYSE:O)

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Realty Income Co. (NYSE:O) by 9.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 250,193 shares of the real estate investment trust’s stock after acquiring an additional 22,389 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Realty Income were worth $13,215,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American National Bank purchased a new stake in shares of Realty Income during the fourth quarter valued at $25,000. Vima LLC purchased a new stake in shares of Realty Income during the 4th quarter valued at about $25,000. Pacifica Partners Inc. grew its stake in shares of Realty Income by 444.4% in the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 400 shares during the period. WASHINGTON TRUST Co raised its holdings in shares of Realty Income by 65.7% during the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 197 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in Realty Income during the first quarter valued at approximately $27,000. 70.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

Realty Income Stock Performance

NYSE O opened at $62.13 on Friday. The stock has a market capitalization of $54.10 billion, a PE ratio of 57.53, a P/E/G ratio of 5.05 and a beta of 0.96. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $62.41. The business has a 50 day simple moving average of $57.35 and a two-hundred day simple moving average of $54.56. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the firm posted $1.00 EPS. The company’s revenue for the quarter was up 31.4% on a year-over-year basis. On average, research analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently declared a sep 24 dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be given a $0.263 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a yield of 5.2%. Realty Income’s dividend payout ratio is currently 291.67%.

Wall Street Analyst Weigh In

A number of research firms have commented on O. KeyCorp assumed coverage on shares of Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Wedbush initiated coverage on Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price on the stock. Stifel Nicolaus increased their price target on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Robert W. Baird upped their price objective on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $62.02.

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.