Sumitomo Mitsui Trust Group Inc. Sells 78,050 Shares of Realty Income Corporation $O

Sumitomo Mitsui Trust Group Inc. cut its position in Realty Income Corporation (NYSE:O) by 2.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,890,238 shares of the real estate investment trust’s stock after selling 78,050 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Realty Income were worth $179,079,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in O. Vanguard Group Inc. boosted its holdings in shares of Realty Income by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock worth $8,478,910,000 after acquiring an additional 684,949 shares in the last quarter. Danske Bank A S increased its holdings in Realty Income by 20.3% during the 4th quarter. Danske Bank A S now owns 568,121 shares of the real estate investment trust’s stock valued at $32,025,000 after purchasing an additional 95,773 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Realty Income by 0.7% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,323,920 shares of the real estate investment trust’s stock valued at $130,999,000 after purchasing an additional 16,546 shares in the last quarter. World Investment Advisors raised its position in Realty Income by 68.8% in the 4th quarter. World Investment Advisors now owns 220,836 shares of the real estate investment trust’s stock valued at $12,449,000 after purchasing an additional 90,023 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Realty Income by 5.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,730,032 shares of the real estate investment trust’s stock valued at $156,458,000 after purchasing an additional 140,685 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on O. Weiss Ratings raised Realty Income from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Royal Bank Of Canada cut their price target on Realty Income from $71.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Morgan Stanley set a $67.00 price target on shares of Realty Income in a research report on Monday, April 27th. Barclays decreased their price objective on shares of Realty Income from $68.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group initiated coverage on shares of Realty Income in a research report on Monday, June 1st. They issued a “buy” rating and a $69.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.42.

Realty Income Stock Performance

Shares of O stock opened at $62.75 on Friday. The stock has a market cap of $59.38 billion, a PE ratio of 45.80, a price-to-earnings-growth ratio of 4.47 and a beta of 0.71. The stock has a 50-day moving average of $63.07 and a 200-day moving average of $63.08. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88. Realty Income Corporation has a one year low of $55.86 and a one year high of $67.93.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, hitting the consensus estimate of $1.09. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. Realty Income’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, sell-side analysts expect that Realty Income Corporation will post 4.43 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a $0.271 dividend. The ex-dividend date was Friday, July 31st. This represents a c) annualized dividend and a yield of 5.2%. Realty Income’s dividend payout ratio (DPR) is 237.23%.

Realty Income 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.