Sumitomo Mitsui Trust Holdings Inc. Has $239.36 Million Position in Realty Income Co. (NYSE:O)

Sumitomo Mitsui Trust Holdings Inc. grew its stake in Realty Income Co. (NYSE:O) by 11.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,424,346 shares of the real estate investment trust’s stock after purchasing an additional 451,708 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.51% of Realty Income worth $239,357,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in O. American National Bank acquired a new stake in shares of Realty Income in the 4th quarter valued at approximately $25,000. Vima LLC acquired a new stake in Realty Income during the 4th quarter worth $25,000. Northwest Investment Counselors LLC bought a new position in Realty Income during the first quarter worth about $27,000. Baystate Wealth Management LLC grew its stake in Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 190 shares during the period. Finally, CVA Family Office LLC acquired a new stake in shares of Realty Income during the fourth quarter worth about $29,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

Shares of NYSE:O opened at $52.45 on Thursday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The company’s 50 day moving average price is $53.59 and its two-hundred day moving average price is $54.03. The firm has a market cap of $45.67 billion, a PE ratio of 48.56, a PEG ratio of 4.56 and a beta of 0.96.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the business earned $0.98 EPS. Realty Income’s revenue was up 33.5% on a year-over-year basis. Equities research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced a jul 24 dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be paid a dividend of $0.263 per share. This is an increase from Realty Income’s previous jul 24 dividend of $0.26. The ex-dividend date of this dividend is Monday, July 1st. This represents a yield of 6%. Realty Income’s payout ratio is presently 292.59%.

Wall Street Analyst Weigh In

O has been the subject of a number of research analyst reports. Mizuho upped their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. KeyCorp initiated coverage on shares of Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating for the company. UBS Group decreased their price objective on Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a report on Friday, May 31st. Finally, Scotiabank increased their price objective on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.35.

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

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.