Meiji Yasuda Asset Management Co Ltd. Raises Stock Holdings in Realty Income Co. (NYSE:O)

Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 315,019 shares of the real estate investment trust's stock after purchasing an additional 6,810 shares during the quarter. Realty Income accounts for about 0.6% of Meiji Yasuda Asset Management Co Ltd.'s portfolio, making the stock its 29th largest position. Meiji Yasuda Asset Management Co Ltd.'s holdings in Realty Income were worth $16,825,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of Realty Income during the 4th quarter valued at approximately $553,572,000. Trust Co. of Vermont boosted its stake in Realty Income by 12.7% during the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock worth $13,540,000 after buying an additional 28,480 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Realty Income by 27.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock valued at $40,656,000 after acquiring an additional 166,178 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Realty Income by 6.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock valued at $93,850,000 after acquiring an additional 101,184 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock worth $138,937,000 after acquiring an additional 74,185 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

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Realty Income Stock Down 1.1 %

Shares of Realty Income stock traded down $0.64 on Tuesday, reaching $55.64. The stock had a trading volume of 6,716,384 shares, compared to its average volume of 4,986,044. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $49.60 billion, a P/E ratio of 52.99, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a 50 day moving average price of $55.65 and a 200 day moving average price of $57.38. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, equities research analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.2685 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, April 1st. This is an increase from Realty Income's previous apr 25 dividend of $0.27. Realty Income's dividend payout ratio (DPR) is currently 328.57%.

Wall Street Analyst Weigh In

O has been the topic of several analyst reports. Stifel Nicolaus cut their price target on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report on Wednesday, January 8th. BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Mizuho dropped their price objective on Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price objective on the stock. Finally, Scotiabank lowered their target price on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a research note on Friday, February 28th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $62.04.

Realty Income Company 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.