Resona Asset Management Co. Ltd. Sells 20,958 Shares of Realty Income Corporation $O

Resona Asset Management Co. Ltd. decreased its position in shares of Realty Income Corporation (NYSE:O) by 3.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 586,211 shares of the real estate investment trust’s stock after selling 20,958 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Realty Income were worth $33,236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Profund Advisors LLC increased its position in Realty Income by 23.9% during the 4th quarter. Profund Advisors LLC now owns 13,361 shares of the real estate investment trust’s stock worth $753,000 after buying an additional 2,575 shares during the period. HighTower Advisors LLC increased its position in Realty Income by 4.5% during the 4th quarter. HighTower Advisors LLC now owns 403,644 shares of the real estate investment trust’s stock worth $22,753,000 after buying an additional 17,526 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in Realty Income by 4.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 56,854 shares of the real estate investment trust’s stock worth $3,205,000 after buying an additional 2,455 shares during the period. Cascade Financial Partners LLC increased its position in Realty Income by 20.2% during the 4th quarter. Cascade Financial Partners LLC now owns 20,307 shares of the real estate investment trust’s stock worth $1,145,000 after buying an additional 3,407 shares during the period. Finally, Pathway Financial Advisers LLC increased its position in Realty Income by 1.2% during the 4th quarter. Pathway Financial Advisers LLC now owns 99,811 shares of the real estate investment trust’s stock worth $5,626,000 after buying an additional 1,161 shares during the period. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on O shares. Stifel Nicolaus increased their price objective on Realty Income from $67.75 to $70.50 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. Morgan Stanley set a $67.00 target price on Realty Income in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft upgraded Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Tuesday, January 20th. Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Cantor Fitzgerald raised their price target on Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $67.35.

Realty Income Stock Up 0.6%

Shares of NYSE O opened at $62.10 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.56 and a current ratio of 1.56. Realty Income Corporation has a 52 week low of $54.64 and a 52 week high of $67.93. The stock has a market capitalization of $57.91 billion, a P/E ratio of 50.90, a PEG ratio of 4.81 and a beta of 0.75. The stock’s fifty day moving average is $62.87 and its 200 day moving average is $60.91.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business earned $1.06 earnings per share. Realty Income’s revenue was up 12.2% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Sell-side analysts forecast that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.2705 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) annualized dividend and a yield of 5.2%. Realty Income’s dividend payout ratio (DPR) is 266.39%.

Insiders Place Their Bets

In related news, insider Michelle Bushore sold 7,400 shares of the firm’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $62.42, for a total value of $461,908.00. Following the sale, the insider directly owned 67,641 shares of the company’s stock, valued at $4,222,151.22. This trade represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.

Realty Income Company 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.