Mitsubishi UFJ Asset Management Co. Ltd. Has $110.88 Million Stock Holdings in Realty Income Co. (NYSE:O)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Realty Income Co. (NYSE:O) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,081,041 shares of the real estate investment trust’s stock after acquiring an additional 148,163 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.24% of Realty Income worth $110,878,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Korea Investment CORP grew its holdings in Realty Income by 3.9% during the 4th quarter. Korea Investment CORP now owns 635,235 shares of the real estate investment trust’s stock worth $33,928,000 after acquiring an additional 24,074 shares during the period. Core Wealth Partners LLC boosted its position in shares of Realty Income by 15.8% during the 4th quarter. Core Wealth Partners LLC now owns 7,614 shares of the real estate investment trust’s stock valued at $407,000 after purchasing an additional 1,038 shares in the last quarter. Ausdal Financial Partners Inc. grew its stake in Realty Income by 2.5% during the fourth quarter. Ausdal Financial Partners Inc. now owns 14,045 shares of the real estate investment trust’s stock worth $750,000 after purchasing an additional 338 shares during the period. Financial Counselors Inc. increased its holdings in Realty Income by 41.3% in the fourth quarter. Financial Counselors Inc. now owns 5,672 shares of the real estate investment trust’s stock worth $303,000 after purchasing an additional 1,659 shares in the last quarter. Finally, Trust Investment Advisors lifted its stake in Realty Income by 10.4% in the fourth quarter. Trust Investment Advisors now owns 21,925 shares of the real estate investment trust’s stock valued at $1,171,000 after buying an additional 2,071 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on O. Scotiabank lowered their price objective 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. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a research note on Tuesday, February 25th. Royal Bank of Canada cut their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Stifel Nicolaus decreased their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Barclays increased their price target on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 4th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and an average target price of $62.04.

Realty Income Price Performance

O opened at $56.18 on Friday. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $50.08 billion, a price-to-earnings ratio of 53.50, a P/E/G ratio of 2.10 and a beta of 1.00. The firm’s fifty day moving average price is $55.75 and its two-hundred day moving average price is $57.36.

Realty Income (NYSE:O) last issued its quarterly earnings data 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. As a group, analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. This represents a dividend yield of 5.7%. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 1st. Realty Income’s payout ratio is presently 328.57%.

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.