Sumitomo Mitsui DS Asset Management Company Ltd Has $19.79 Million Position in Realty Income Corporation $O

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Realty Income Corporation (NYSE:O) by 5.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 325,556 shares of the real estate investment trust’s stock after acquiring an additional 17,637 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Realty Income were worth $19,791,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in O. Seamount Financial Group Inc. boosted its holdings in Realty Income by 10.0% during the third quarter. Seamount Financial Group Inc. now owns 7,262 shares of the real estate investment trust’s stock valued at $441,000 after purchasing an additional 663 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Realty Income by 33.8% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 104,450 shares of the real estate investment trust’s stock worth $6,350,000 after buying an additional 26,370 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Realty Income by 0.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 540,950 shares of the real estate investment trust’s stock worth $32,883,000 after buying an additional 2,413 shares during the period. Capital Investment Advisors LLC boosted its stake in Realty Income by 7.9% in the 3rd quarter. Capital Investment Advisors LLC now owns 190,238 shares of the real estate investment trust’s stock valued at $11,565,000 after buying an additional 14,006 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its position in Realty Income by 4.8% in the third quarter. Kingswood Wealth Advisors LLC now owns 12,033 shares of the real estate investment trust’s stock valued at $731,000 after acquiring an additional 548 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Down 0.2%

Shares of NYSE O opened at $58.16 on Friday. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $61.08. The company has a 50-day moving average of $57.09 and a two-hundred day moving average of $58.02. The company has a market cap of $53.50 billion, a PE ratio of 53.85, a P/E/G ratio of 3.75 and a beta of 0.80. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the business posted $1.05 earnings per share. Realty Income’s revenue for the quarter was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, equities analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, December 31st. This is an increase from Realty Income’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. Realty Income’s dividend payout ratio is presently 300.00%.

Analyst Ratings Changes

A number of research analysts have issued reports on O shares. Evercore ISI began coverage on Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective for the company. Cantor Fitzgerald dropped their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Royal Bank Of Canada boosted their price target on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Wells Fargo & Company raised their price objective on shares of Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 25th. Finally, Mizuho cut their target price on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $62.23.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.