Meiji Yasuda Asset Management Co Ltd. Boosts Stock Position in Realty Income Co. (NYSE:O)

Meiji Yasuda Asset Management Co Ltd. grew its stake in Realty Income Co. (NYSE:O) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 315,019 shares of the real estate investment trust’s stock after acquiring an additional 6,810 shares during the quarter. Realty Income accounts for 0.6% of Meiji Yasuda Asset Management Co Ltd.’s portfolio, making the stock its 29th biggest holding. Meiji Yasuda Asset Management Co Ltd.’s holdings in Realty Income were worth $16,825,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $553,572,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Realty Income by 765.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock valued at $478,556,000 after purchasing an additional 6,673,617 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Realty Income by 3,150.5% in the 3rd quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust’s stock worth $175,142,000 after purchasing an additional 2,675,266 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Realty Income by 102.1% in the third quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust’s stock worth $137,502,000 after purchasing an additional 1,107,493 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Realty Income by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock valued at $7,436,622,000 after buying an additional 555,908 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Performance

O opened at $56.32 on Tuesday. The company has a 50 day simple moving average of $55.60 and a two-hundred day simple moving average of $57.42. 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 firm has a market cap of $50.21 billion, a P/E ratio of 53.63, a PEG ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88.

Realty Income (NYSE:O) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate 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. Equities analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be paid a $0.2685 dividend. This represents a yield of 5.7%. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. Realty Income’s dividend payout ratio is presently 328.57%.

Analyst Upgrades and Downgrades

O has been the topic of several research analyst reports. Barclays upped their target price on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Scotiabank dropped their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday, February 28th. Royal Bank of Canada lowered their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. Finally, Stifel Nicolaus reduced their price objective 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. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Realty Income has an average rating of “Hold” and an average target price of $62.04.

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.