Realty Income Corporation $O Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its position in shares of Realty Income Corporation (NYSE:O) by 18.1% in the 1st quarter, HoldingsChannel reports. The firm owned 2,968,288 shares of the real estate investment trust’s stock after selling 657,018 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Realty Income were worth $181,600,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. boosted its holdings in Realty Income by 8.7% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 637,435 shares of the real estate investment trust’s stock valued at $38,984,000 after purchasing an additional 51,224 shares in the last quarter. Demars Financial Group LLC raised its stake in shares of Realty Income by 7.9% during the 1st quarter. Demars Financial Group LLC now owns 14,107 shares of the real estate investment trust’s stock worth $863,000 after buying an additional 1,035 shares in the last quarter. Greenwood Capital Associates LLC purchased a new position in shares of Realty Income during the 1st quarter worth approximately $933,000. Frank Rimerman Advisors LLC lifted its holdings in shares of Realty Income by 10.9% in the 1st quarter. Frank Rimerman Advisors LLC now owns 47,205 shares of the real estate investment trust’s stock valued at $2,888,000 after buying an additional 4,633 shares during the period. Finally, Virginia Wealth Management Group Inc. lifted its holdings in shares of Realty Income by 2.3% in the 1st quarter. Virginia Wealth Management Group Inc. now owns 55,996 shares of the real estate investment trust’s stock valued at $3,426,000 after buying an additional 1,264 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE:O opened at $63.15 on Friday. The firm has a market capitalization of $58.89 billion, a price-to-earnings ratio of 51.76, a price-to-earnings-growth ratio of 4.93 and a beta of 0.72. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The business’s 50 day simple moving average is $61.99 and its 200-day simple moving average is $62.12. Realty Income Corporation has a 12 month low of $55.86 and a 12 month high of $67.93.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.03. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.Realty Income’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the business posted $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, equities analysts forecast that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a $0.271 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a yield of 5.1%. Realty Income’s dividend payout ratio is 266.39%.

Realty Income News Summary

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Realty Income announced another monthly dividend, extending its streak to 673 consecutive payouts and reinforcing its reputation as a dependable income stock. The new dividend supports a roughly 5.1% annualized yield, which should appeal to dividend-focused investors.
• Positive Sentiment: An analyst reportedly raised the price target on Realty Income and reiterated a Buy rating, suggesting confidence in the company’s earnings power and portfolio quality.
• Positive Sentiment: Coverage highlighting the company’s evolving portfolio argues that Realty Income’s valuation may not yet reflect its improving asset mix and long-term growth potential.
• Neutral Sentiment: Realty Income is drawing additional investor attention, while broader articles about high-dividend real estate ETFs and monthly-income portfolios may be helping keep the REIT sector in focus rather than driving a company-specific move.
• Negative Sentiment: The stock has also been weighed by a recent pullback versus the broader market, with traders showing some caution after the shares slipped in the latest session.

Analyst Ratings Changes

A number of analysts recently weighed in on O shares. Barclays lifted their price target on Realty Income from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. Robert W. Baird raised their target price on Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Monday. Mizuho decreased their target price on shares of Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. UBS Group set a $67.00 price target on shares of Realty Income in a research note on Thursday, June 18th. Finally, Scotiabank cut their price target on shares of Realty Income from $72.00 to $67.00 and set a “sector outperform” rating for the company in a report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $66.65.

Realty Income Profile

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.