3,141,504 Shares in Realty Income Corporation $O Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Realty Income Corporation (NYSE:O) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 3,141,504 shares of the real estate investment trust’s stock, valued at approximately $194,648,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in O. Brighton Jones LLC grew its holdings in shares of Realty Income by 11.2% during the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after buying an additional 615 shares in the last quarter. Bison Wealth LLC acquired a new position in shares of Realty Income in the fourth quarter valued at approximately $571,000. Empowered Funds LLC lifted its stake in shares of Realty Income by 8.0% during the first quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock valued at $1,041,000 after buying an additional 1,330 shares during the period. Woodline Partners LP lifted its stake in shares of Realty Income by 41.3% during the first quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust’s stock valued at $4,289,000 after buying an additional 21,603 shares during the period. Finally, Intech Investment Management LLC boosted its position in Realty Income by 14.9% during the first quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust’s stock worth $1,474,000 after acquiring an additional 3,290 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Price Performance

O opened at $62.46 on Tuesday. Realty Income Corporation has a 1 year low of $55.86 and a 1 year high of $67.93. The company’s 50 day simple moving average is $63.12 and its 200 day simple moving average is $63.11. The stock has a market capitalization of $59.10 billion, a PE ratio of 45.59, a P/E/G ratio of 4.46 and a beta of 0.71. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.88 and a current ratio of 5.88.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, hitting the consensus estimate of $1.09. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. Realty Income’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 earnings per share. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, sell-side analysts expect that Realty Income Corporation will post 4.43 EPS for the current year.

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a dividend of $0.271 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.2%. Realty Income’s payout ratio is currently 237.23%.

Analyst Upgrades and Downgrades

Several analysts have commented on O shares. Evercore set a $68.00 target price on shares of Realty Income in a research note on Friday, August 7th. UBS Group set a $67.00 price target on Realty Income in a research note on Thursday, June 18th. Stifel Nicolaus set a $70.75 price objective on Realty Income in a report on Tuesday, June 30th. Mizuho lowered their price objective on Realty Income from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Wednesday, May 13th. Finally, Huntington began coverage on Realty Income in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $70.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $67.42.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.