Asset Management One Co. Ltd. Purchases 7,709 Shares of Realty Income Corporation $O

Asset Management One Co. Ltd. boosted its position in Realty Income Corporation (NYSE:O) by 0.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,806,659 shares of the real estate investment trust’s stock after purchasing an additional 7,709 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Realty Income were worth $104,082,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA bought a new position in Realty Income in the second quarter worth $25,000. Keystone Global Partners LLC bought a new position in Realty Income in the first quarter worth $26,000. Avion Wealth raised its holdings in Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 309 shares in the last quarter. Hilltop National Bank bought a new position in Realty Income in the second quarter worth $36,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings in shares of Realty Income by 87.6% during the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 303 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on O. Mizuho raised their price target on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Wolfe Research downgraded Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Barclays raised their price target on Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday. Scotiabank raised their price target on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Finally, Cantor Fitzgerald began coverage on Realty Income in a report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price target for the company. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $62.58.

Realty Income Price Performance

NYSE O opened at $60.25 on Friday. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.68. The stock has a 50-day moving average of $59.37 and a 200 day moving average of $57.68. The company has a market capitalization of $55.08 billion, a price-to-earnings ratio of 58.49, a PEG ratio of 4.60 and a beta of 0.78. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.Realty Income’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 earnings per share. On average, sell-side analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a $0.2695 dividend. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Friday, October 31st. Realty Income’s dividend payout ratio (DPR) is presently 313.59%.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the transaction, the director directly owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

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.