Meiji Yasuda Life Insurance Co Sells 1,928 Shares of Realty Income Co. (NYSE:O)

Meiji Yasuda Life Insurance Co decreased its holdings in shares of Realty Income Co. (NYSE:O) by 6.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,365 shares of the real estate investment trust’s stock after selling 1,928 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Realty Income were worth $1,393,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vima LLC bought a new position in Realty Income during the 4th quarter valued at about $25,000. Pacifica Partners Inc. boosted its stake in Realty Income by 444.4% in the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 400 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Realty Income during the first quarter worth $27,000. Bell Investment Advisors Inc increased its stake in shares of Realty Income by 69.6% in the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 217 shares in the last quarter. Finally, Able Wealth Management LLC bought a new position in shares of Realty Income in the fourth quarter valued at about $32,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Stifel Nicolaus raised their price objective on shares of Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. UBS Group lifted their target price on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. KeyCorp initiated coverage on Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.59.

Realty Income Price Performance

O stock opened at $62.17 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. The stock has a market cap of $54.14 billion, a PE ratio of 57.56, a price-to-earnings-growth ratio of 4.65 and a beta of 0.99. The stock has a 50-day moving average price of $60.05 and a two-hundred day moving average price of $55.57. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $63.39.

Realty Income (NYSE:O) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The company’s revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 EPS. Equities analysts forecast that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a oct 24 dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.2635 per share. The ex-dividend date is Tuesday, October 1st. This is a boost from Realty Income’s previous oct 24 dividend of $0.26. This represents a yield of 5%. Realty Income’s payout ratio is 292.59%.

Insider Transactions at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The stock was 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 of the company’s stock, valued at $1,663,313.82. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were 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 $1,663,313.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

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.