Realty Income Co. (NYSE:O) Stock Holdings Raised by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Realty Income Co. (NYSE:O) by 6.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,589,456 shares of the real estate investment trust’s stock after buying an additional 261,162 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.52% of Realty Income worth $245,123,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Strategic Financial Concepts LLC bought a new stake in shares of Realty Income during the 4th quarter valued at about $669,000. Leo Wealth LLC grew its position in shares of Realty Income by 13.5% during the 4th quarter. Leo Wealth LLC now owns 5,367 shares of the real estate investment trust’s stock valued at $287,000 after buying an additional 638 shares during the last quarter. Consolidated Portfolio Review Corp grew its position in shares of Realty Income by 439.2% during the 4th quarter. Consolidated Portfolio Review Corp now owns 68,151 shares of the real estate investment trust’s stock valued at $3,640,000 after buying an additional 55,511 shares during the last quarter. Telos Capital Management Inc. boosted its stake in Realty Income by 5.1% during the 4th quarter. Telos Capital Management Inc. now owns 98,840 shares of the real estate investment trust’s stock valued at $5,279,000 after purchasing an additional 4,836 shares during the period. Finally, Silver Oak Securities Incorporated acquired a new position in Realty Income during the 4th quarter valued at about $695,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 0.3 %

NYSE O opened at $54.14 on Friday. 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’s 50 day simple moving average is $54.16 and its 200 day simple moving average is $58.31. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a market capitalization of $47.38 billion, a P/E ratio of 51.56, a PEG ratio of 1.96 and a beta of 1.00.

Realty Income Announces Dividend

The firm also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $0.264 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s payout ratio is currently 301.91%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. UBS Group reduced their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. 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. Stifel Nicolaus reduced their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Barclays reduced their target price on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $61.81.

About Realty Income

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.