Mitsubishi UFJ Asset Management Co. Ltd. Grows Stake in Realty Income Co. (NYSE:O)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Realty Income Co. (NYSE:O) by 7.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,081,041 shares of the real estate investment trust’s stock after acquiring an additional 148,163 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Realty Income were worth $110,878,000 at the end of the most recent reporting period.

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

Realty Income Stock Down 0.7 %

Shares of NYSE O opened at $56.18 on Friday. The firm has a fifty day simple moving average of $55.75 and a two-hundred day simple moving average of $57.36. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $50.08 billion, a PE ratio of 53.50, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last released 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). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Equities analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a $0.2685 dividend. This represents a yield of 5.7%. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. Realty Income’s dividend payout ratio is presently 328.57%.

Analyst Upgrades and Downgrades

O has been the subject of a number of recent research reports. Royal Bank of Canada dropped their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Scotiabank lowered their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Barclays increased 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. Stifel Nicolaus lowered their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $62.04.

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.