Daiwa Securities Group Inc. Sells 655,247 Shares of Realty Income Co. (NYSE:O)

Daiwa Securities Group Inc. decreased its stake in Realty Income Co. (NYSE:O) by 13.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 4,349,721 shares of the real estate investment trust’s stock after selling 655,247 shares during the quarter. Realty Income accounts for about 1.3% of Daiwa Securities Group Inc.’s portfolio, making the stock its 22nd largest position. Daiwa Securities Group Inc.’s holdings in Realty Income were worth $275,859,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in O. Pacifica Partners Inc. lifted its position in Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 400 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 211 shares during the last quarter. MFA Wealth Advisors LLC purchased a new stake in shares of Realty Income in the 2nd quarter valued at $33,000. Creative Capital Management Investments LLC grew its holdings in shares of Realty Income by 133.3% during the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 300 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Realty Income in the 2nd quarter worth $42,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 0.1 %

Shares of Realty Income stock opened at $57.45 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The company has a market cap of $50.28 billion, a P/E ratio of 54.71, a PEG ratio of 4.04 and a beta of 0.99. The company’s fifty day simple moving average is $60.76 and its two-hundred day simple moving average is $58.09.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the prior year, the firm earned $1.02 EPS. Realty Income’s quarterly revenue was up 28.1% compared to the same quarter last year. Research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be paid a $0.2635 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.50%. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Realty Income’s previous monthly dividend of $0.24. Realty Income’s dividend payout ratio (DPR) is presently 300.96%.

Insider Activity at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the sale, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. This represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wedbush assumed coverage on Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a research note on Tuesday, August 6th. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Mizuho downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $64.00 to $60.00 in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, September 3rd. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $63.85.

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.