Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Holdings in Realty Income Co. (NYSE:O)

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Realty Income Co. (NYSE:O) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 277,922 shares of the real estate investment trust’s stock after buying an additional 11,954 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Realty Income were worth $14,844,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Realty Income by 6.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,589,456 shares of the real estate investment trust’s stock worth $245,123,000 after buying an additional 261,162 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in Realty Income during the fourth quarter worth about $669,000. Leo Wealth LLC increased its stake in Realty Income by 13.5% during the fourth quarter. Leo Wealth LLC now owns 5,367 shares of the real estate investment trust’s stock worth $287,000 after acquiring an additional 638 shares during the last quarter. Consolidated Portfolio Review Corp raised its holdings in shares of Realty Income by 439.2% in the 4th quarter. Consolidated Portfolio Review Corp now owns 68,151 shares of the real estate investment trust’s stock worth $3,640,000 after purchasing an additional 55,511 shares during the period. Finally, Telos Capital Management Inc. lifted its stake in shares of Realty Income by 5.1% in the 4th quarter. Telos Capital Management Inc. now owns 98,840 shares of the real estate investment trust’s stock valued at $5,279,000 after purchasing an additional 4,836 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Down 0.3 %

Shares of Realty Income stock opened at $54.27 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $54.24 and a 200 day moving average price of $58.34. 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 market cap of $47.49 billion, a P/E ratio of 51.68, a P/E/G ratio of 1.96 and a beta of 1.00.

Realty Income (NYSE:O) last posted its quarterly earnings results 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). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business’s revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.02 earnings per share. On average, sell-side analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a $0.264 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s payout ratio is currently 301.91%.

Analyst Ratings Changes

O has been the subject of several recent research reports. Mizuho dropped their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. UBS Group decreased their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Barclays decreased their price target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Stifel Nicolaus lowered their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus target price of $61.81.

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.