Mufg Securities Americas Inc. Makes New $690,000 Investment in Realty Income Co. (NYSE:O)

Mufg Securities Americas Inc. purchased a new position in Realty Income Co. (NYSE:O) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,920 shares of the real estate investment trust’s stock, valued at approximately $690,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Realty Income during the 4th quarter valued at $624,666,000. Raymond James Financial Inc. bought a new stake in shares of Realty Income during the 4th quarter valued at $553,572,000. Northern Trust Corp raised its position in shares of Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock valued at $701,792,000 after purchasing an additional 3,834,403 shares during the period. California Public Employees Retirement System raised its stake in Realty Income by 26.7% during the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust’s stock valued at $205,628,000 after purchasing an additional 811,037 shares during the period. Finally, Geode Capital Management LLC raised its stake in Realty Income by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock valued at $1,253,584,000 after purchasing an additional 658,240 shares during the period. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on O shares. Stifel Nicolaus lifted their target price on Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Barclays reissued an “overweight” rating on shares of Realty Income in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price target on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a report on Monday, May 5th. Wedbush reiterated a “neutral” rating and issued a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Finally, Scotiabank lifted their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a report on Monday. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $61.15.

Realty Income Stock Performance

NYSE O opened at $54.60 on Thursday. The company has a market cap of $49.31 billion, a P/E ratio of 52.00, a P/E/G ratio of 2.10 and a beta of 0.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The business’s 50 day moving average price is $56.38 and its 200-day moving average price is $55.83. Realty Income Co. has a fifty-two week low of $50.71 and a fifty-two week high of $64.88.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. Sell-side analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given a $0.2685 dividend. This represents a yield of 5.8%. The ex-dividend date is Monday, June 2nd. Realty Income’s dividend payout ratio (DPR) is presently 292.73%.

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.