Tokio Marine Asset Management Co. Ltd. Raises Stock Holdings in Realty Income Co. (NYSE:O)

Tokio Marine Asset Management Co. Ltd. lifted its holdings in Realty Income Co. (NYSE:O) by 15.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,457 shares of the real estate investment trust’s stock after purchasing an additional 3,184 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Realty Income were worth $1,551,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Code Waechter LLC purchased a new position in shares of Realty Income during the third quarter valued at approximately $1,308,000. Principal Financial Group Inc. boosted its holdings in Realty Income by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after acquiring an additional 74,185 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Realty Income by 17.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock valued at $61,208,000 after purchasing an additional 171,166 shares during the period. Raymond James & Associates grew its holdings in shares of Realty Income by 92.4% in the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock worth $410,932,000 after purchasing an additional 3,112,560 shares during the last quarter. Finally, abrdn plc increased its stake in Realty Income by 15.4% in the 3rd quarter. abrdn plc now owns 1,282,800 shares of the real estate investment trust’s stock worth $81,079,000 after buying an additional 171,236 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O stock opened at $56.07 on Friday. The firm has a market capitalization of $49.07 billion, a price-to-earnings ratio of 53.40, a PEG ratio of 4.00 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s 50-day simple moving average is $61.56 and its 200-day simple moving average is $57.98. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the firm posted $1.02 earnings per share. The company’s quarterly revenue was up 28.1% on a year-over-year basis. As a group, equities analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 5.64%. This is a boost from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date of this dividend is Monday, December 2nd. Realty Income’s dividend payout ratio (DPR) is presently 300.96%.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This trade represents a 6.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. This trade represents a 48.75 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

O has been the subject of several research reports. Royal Bank of Canada lowered their price objective on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. JPMorgan Chase & Co. lifted their target price on Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Morgan Stanley reissued an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a research report on Tuesday, August 6th. Robert W. Baird lifted their price objective on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $63.85.

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.