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

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Realty Income Co. (NYSE:O) by 6.0% during the fourth quarter, Holdings Channel reports. The fund owned 4,589,456 shares of the real estate investment trust’s stock after acquiring an additional 261,162 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Realty Income were worth $245,123,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in O. Rosenberg Matthew Hamilton raised its holdings in shares of Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 211 shares during the period. Creative Capital Management Investments LLC increased its stake in Realty Income by 133.3% in 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 buying an additional 300 shares during the period. ST Germain D J Co. Inc. increased its stake in Realty Income by 306.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 567 shares during the period. Luken Investment Analytics LLC acquired a new position in Realty Income in the 4th quarter valued at approximately $40,000. Finally, Independence Bank of Kentucky increased its stake in Realty Income by 54.5% in the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

NYSE O opened at $54.14 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. The company has a fifty day simple moving average of $54.16 and a 200 day simple moving average of $58.31. The company has a market cap of $47.38 billion, a P/E ratio of 51.56, a P/E/G ratio of 1.96 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on O. Mizuho dropped their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Scotiabank dropped their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus dropped their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Barclays dropped their price objective on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 target price on shares of Realty Income in a research report on Monday, January 27th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and a consensus target price of $61.81.

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.