Realty Income Co. (NYSE:O) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its holdings in Realty Income Co. (NYSE:O) by 11.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,518,671 shares of the real estate investment trust’s stock after buying an additional 153,510 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.21% of Realty Income worth $87,202,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. American National Bank bought a new stake in Realty Income in the 4th quarter valued at about $25,000. Manchester Capital Management LLC lifted its position in Realty Income by 423.0% in the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 423 shares during the last quarter. Baystate Wealth Management LLC lifted its position in Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares during the last quarter. CVA Family Office LLC acquired a new stake in shares of Realty Income in the 4th quarter worth approximately $29,000. Finally, Operose Advisors LLC acquired a new stake in shares of Realty Income in the 3rd quarter worth approximately $30,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on O shares. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Mizuho boosted their price target on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10th. BMO Capital Markets assumed coverage on shares of Realty Income in a report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target on the stock. Stifel Nicolaus cut their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Finally, Scotiabank upped their price objective on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $61.38.

Realty Income Stock Performance

Realty Income stock traded down $0.13 during mid-day trading on Friday, reaching $52.18. The company had a trading volume of 4,600,075 shares, compared to its average volume of 6,589,458. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18. The company has a 50 day moving average of $53.48 and a 200-day moving average of $54.15. The firm has a market cap of $45.44 billion, a price-to-earnings ratio of 48.60, a PEG ratio of 4.69 and a beta of 0.92.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the company posted $0.98 EPS. The company’s quarterly revenue was up 33.5% compared to the same quarter last year. On average, sell-side analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a jun 24 dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be given a dividend of $0.2625 per share. The ex-dividend date is Monday, June 3rd. This represents a dividend yield of 5.7%. This is a boost from Realty Income’s previous jun 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is 285.19%.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

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.