Elo Mutual Pension Insurance Co Reduces Holdings in Realty Income Co. (NYSE:O)

Elo Mutual Pension Insurance Co trimmed its holdings in shares of Realty Income Co. (NYSE:O) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,037 shares of the real estate investment trust’s stock after selling 4,651 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Realty Income were worth $4,649,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Realty Income by 7.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,081,041 shares of the real estate investment trust’s stock valued at $110,878,000 after purchasing an additional 148,163 shares during the period. Korea Investment CORP grew its stake in shares of Realty Income by 3.9% during the 4th quarter. Korea Investment CORP now owns 635,235 shares of the real estate investment trust’s stock valued at $33,928,000 after acquiring an additional 24,074 shares during the period. Core Wealth Partners LLC increased its holdings in Realty Income by 15.8% in the 4th quarter. Core Wealth Partners LLC now owns 7,614 shares of the real estate investment trust’s stock worth $407,000 after acquiring an additional 1,038 shares in the last quarter. Ausdal Financial Partners Inc. raised its stake in Realty Income by 2.5% during the 4th quarter. Ausdal Financial Partners Inc. now owns 14,045 shares of the real estate investment trust’s stock worth $750,000 after acquiring an additional 338 shares during the period. Finally, Financial Counselors Inc. lifted its holdings in Realty Income by 41.3% during the fourth quarter. Financial Counselors Inc. now owns 5,672 shares of the real estate investment trust’s stock valued at $303,000 after purchasing an additional 1,659 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on O. Royal Bank of Canada reduced their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Mizuho cut their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research report on Tuesday, February 25th. Stifel Nicolaus dropped their price objective on 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, Scotiabank decreased their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Realty Income has an average rating of “Hold” and an average target price of $62.04.

Realty Income Stock Performance

NYSE:O opened at $56.18 on Friday. The company has a market cap of $50.08 billion, a price-to-earnings ratio of 53.50, a PEG ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The stock’s 50 day simple moving average is $55.75 and its two-hundred day simple moving average is $57.36. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O) last posted its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. As a group, equities analysts anticipate that Realty Income Co. will post 4.19 earnings per share 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. This represents a dividend 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 currently 328.57%.

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.