Nissay Asset Management Corp Japan ADV Increases Stock Position in Realty Income Corporation $O

Nissay Asset Management Corp Japan ADV grew its stake in shares of Realty Income Corporation (NYSE:O) by 1.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 234,739 shares of the real estate investment trust’s stock after buying an additional 3,547 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Realty Income were worth $13,617,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Nuveen LLC acquired a new position in Realty Income in the 1st quarter worth $207,573,000. Vanguard Group Inc. lifted its holdings in Realty Income by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock worth $8,267,084,000 after buying an additional 3,274,853 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings in Realty Income by 27.0% in the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust’s stock worth $288,375,000 after buying an additional 1,055,840 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in Realty Income by 9.6% in the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust’s stock worth $658,813,000 after buying an additional 992,303 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Realty Income by 6,002.1% in the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust’s stock worth $40,988,000 after buying an additional 694,983 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE:O opened at $59.22 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The firm has a 50-day simple moving average of $57.72 and a 200 day simple moving average of $56.97. The company has a market cap of $54.14 billion, a PE ratio of 57.49, a P/E/G ratio of 4.45 and a beta of 0.77.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, August 6th. 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 16.77% and a return on equity of 2.34%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the company earned $1.07 EPS. Realty Income’s quarterly revenue was up 5.3% on a year-over-year basis. On average, sell-side analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.269 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. This is a boost from Realty Income’s previous monthly dividend of $0.26. Realty Income’s payout ratio is currently 313.59%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wolfe Research lowered shares of Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Scotiabank upped their target price on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Barclays upped their target price on shares of Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 20th. Finally, UBS Group upped their target price on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.00.

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.