Daiwa Securities Group Inc. Has $264.36 Million Stock Holdings in Realty Income Co. (NYSE:O)

Daiwa Securities Group Inc. reduced its holdings in shares of Realty Income Co. (NYSE:O) by 45.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,004,968 shares of the real estate investment trust’s stock after selling 4,209,715 shares during the period. Realty Income comprises about 1.4% of Daiwa Securities Group Inc.’s investment portfolio, making the stock its 21st biggest position. Daiwa Securities Group Inc.’s holdings in Realty Income were worth $264,362,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CWA Asset Management Group LLC acquired a new position in Realty Income during the fourth quarter worth $379,000. Texas Permanent School Fund Corp increased its position in shares of Realty Income by 15.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust’s stock worth $9,301,000 after purchasing an additional 22,440 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Realty Income by 4.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock valued at $77,124,000 after purchasing an additional 51,574 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Realty Income by 17.8% in 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 buying an additional 171,166 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in Realty Income by 5.4% during the fourth quarter. Treasurer of the State of North Carolina now owns 330,673 shares of the real estate investment trust’s stock worth $18,987,000 after buying an additional 16,831 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Insider Transactions at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Realty Income Stock Up 0.7 %

Shares of NYSE:O opened at $62.86 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market cap of $54.74 billion, a price-to-earnings ratio of 58.20, a P/E/G ratio of 4.64 and a beta of 0.99. The company has a 50 day moving average of $58.69 and a 200-day moving average of $55.09. Realty Income Co. has a one year low of $45.03 and a one year high of $63.39.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business 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%. Realty Income’s revenue was up 31.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 earnings per share. On average, sell-side analysts forecast that Realty Income Co. will post 3.93 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently announced a sep 24 dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.263 per share. This represents a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, September 3rd. Realty Income’s dividend payout ratio (DPR) is currently 292.59%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on O. Wedbush assumed coverage on shares of Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price for the company. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a research note on Tuesday, August 6th. KeyCorp started coverage on Realty Income in a research note on Wednesday, June 12th. They issued a “sector weight” rating for the company. Royal Bank of Canada upped their price target on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Scotiabank raised their price objective on shares of Realty Income from $56.00 to $61.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Realty Income has an average rating of “Hold” and an average price target of $62.38.

Realty Income 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.