Sumitomo Mitsui Trust Group Inc. Has $274.50 Million Stock Position in Realty Income Co. (NYSE:O)

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Realty Income Co. (NYSE:O - Free Report) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,328,294 shares of the real estate investment trust's stock after buying an additional 78,562 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.50% of Realty Income worth $274,500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its holdings in Realty Income by 48.4% in the first quarter. Empowered Funds LLC now owns 11,233 shares of the real estate investment trust's stock valued at $608,000 after buying an additional 3,663 shares during the period. Meeder Advisory Services Inc. increased its holdings in Realty Income by 12.0% in the 1st quarter. Meeder Advisory Services Inc. now owns 9,605 shares of the real estate investment trust's stock valued at $520,000 after purchasing an additional 1,032 shares in the last quarter. US Bancorp DE raised its position in Realty Income by 6.7% in the first quarter. US Bancorp DE now owns 128,117 shares of the real estate investment trust's stock valued at $6,931,000 after purchasing an additional 8,037 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Realty Income by 13.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 329,984 shares of the real estate investment trust's stock worth $17,852,000 after buying an additional 39,717 shares during the period. Finally, Bleakley Financial Group LLC boosted its position in shares of Realty Income by 2.8% in the first quarter. Bleakley Financial Group LLC now owns 22,644 shares of the real estate investment trust's stock worth $1,225,000 after buying an additional 613 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now directly owns 5,257 shares of the company's stock, valued at $319,467.89. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares in the company, valued at $1,663,313.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by insiders.

Realty Income Stock Performance

Shares of O traded down $0.42 during mid-day trading on Tuesday, reaching $57.23. 2,196,969 shares of the company's stock traded hands, compared to its average volume of 5,682,786. Realty Income Co. has a 12 month low of $49.52 and a 12 month high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.39 and a current ratio of 1.40. The stock has a market capitalization of $50.09 billion, a P/E ratio of 54.68, a price-to-earnings-growth ratio of 4.00 and a beta of 0.99. The business's 50-day moving average price is $61.78 and its 200-day moving average price is $57.96.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the company earned $1.02 EPS. The company's quarterly revenue was up 28.1% compared to the same quarter last year. Equities analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Realty Income's previous monthly dividend of $0.24. This represents a $3.16 annualized dividend and a yield of 5.53%. Realty Income's dividend payout ratio is currently 300.96%.

Analysts Set New Price Targets

O has been the topic of a number of analyst reports. Morgan Stanley reaffirmed an "equal weight" rating and set a $62.00 target price on shares of Realty Income in a research report on Tuesday, August 6th. Robert W. Baird boosted their target price on shares of Realty Income from $57.00 to $58.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 6th. Stifel Nicolaus reduced their price target on shares of Realty Income from $70.50 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Wedbush assumed coverage on Realty Income in a research note on Monday, August 19th. They set a "neutral" rating and a $64.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Realty Income from $60.00 to $67.00 and gave the company a "neutral" rating in a report on Tuesday, September 3rd. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $63.85.

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.