Resona Asset Management Co. Ltd. Purchases Shares of 545,017 Realty Income Co. (NYSE:O)

Resona Asset Management Co. Ltd. acquired a new position in Realty Income Co. (NYSE:O) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 545,017 shares of the real estate investment trust’s stock, valued at approximately $28,826,000. Resona Asset Management Co. Ltd. owned about 0.06% of Realty Income as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in O. Raymond James Financial Inc. purchased a new stake in Realty Income during the fourth quarter worth about $553,572,000. Trust Co. of Vermont grew its holdings in shares of Realty Income by 12.7% in the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock valued at $13,540,000 after purchasing an additional 28,480 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Realty Income by 27.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock valued at $40,656,000 after purchasing an additional 166,178 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Realty Income by 6.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock worth $93,850,000 after buying an additional 101,184 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Realty Income by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock worth $138,937,000 after buying an additional 74,185 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Down 3.4 %

Shares of Realty Income stock opened at $55.11 on Friday. The company has a fifty day simple moving average of $56.03 and a 200-day simple moving average of $57.08. 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 stock has a market cap of $49.15 billion, a price-to-earnings ratio of 52.49, a PEG ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. On average, equities analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. The ex-dividend date is Tuesday, April 1st. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 328.57%.

Analyst Ratings Changes

Several equities analysts have commented on O shares. Scotiabank dropped their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th. Royal Bank of Canada reduced their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Finally, Barclays upped their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Eleven investment 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 stock currently has a consensus rating of “Hold” and a consensus target price of $62.42.

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.