Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Realty Income Co. (NYSE:O - Free Report) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,081,041 shares of the real estate investment trust's stock after buying an additional 148,163 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.24% of Realty Income worth $110,878,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $28,000. Hopwood Financial Services Inc. acquired a new position in Realty Income during the 4th quarter valued at $29,000. Sierra Ocean LLC bought a new stake in Realty Income in the 4th quarter valued at $32,000. Millstone Evans Group LLC acquired a new stake in Realty Income in the 4th quarter worth $34,000. Finally, BankPlus Trust Department bought a new position in shares of Realty Income during the 4th quarter worth about $37,000. Institutional investors own 70.81% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. Mizuho reduced their target price on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Scotiabank cut their target price on 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. BNP Paribas lowered shares of 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. Royal Bank of Canada decreased their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Finally, Barclays upped their price target on Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Realty Income currently has a consensus rating of "Hold" and a consensus price target of $62.04.
Read Our Latest Research Report on O
Realty Income Price Performance
Shares of Realty Income stock traded up $1.44 during midday trading on Monday, reaching $58.05. The company had a trading volume of 8,195,511 shares, compared to its average volume of 5,146,411. The stock has a fifty day simple moving average of $55.86 and a 200 day simple moving average of $57.21. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $51.76 billion, a price-to-earnings ratio of 55.29, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.
Realty Income (NYSE:O - Get Free Report) last released its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate 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 earnings per share 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. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. This is a boost from Realty Income's previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. This represents a dividend yield of 5.7%. Realty Income's payout ratio is currently 328.57%.
About Realty Income
(
Free Report)
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.
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