Global X Japan Co. Ltd. Has $536,000 Stake in Realty Income Co. (NYSE:O)

Global X Japan Co. Ltd. lifted its stake in shares of Realty Income Co. (NYSE:O) by 11.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,033 shares of the real estate investment trust’s stock after purchasing an additional 1,065 shares during the period. Global X Japan Co. Ltd.’s holdings in Realty Income were worth $536,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Realty Income by 4.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 277,922 shares of the real estate investment trust’s stock valued at $14,844,000 after acquiring an additional 11,954 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Realty Income by 6.0% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,589,456 shares of the real estate investment trust’s stock valued at $245,123,000 after purchasing an additional 261,162 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of Realty Income during the 4th quarter worth approximately $669,000. Leo Wealth LLC increased its holdings in shares of Realty Income by 13.5% during the fourth quarter. Leo Wealth LLC now owns 5,367 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 638 shares during the period. Finally, Consolidated Portfolio Review Corp boosted its stake in shares of Realty Income by 439.2% in the fourth quarter. Consolidated Portfolio Review Corp now owns 68,151 shares of the real estate investment trust’s stock valued at $3,640,000 after buying an additional 55,511 shares during the period. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on O. Stifel Nicolaus dropped their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Mizuho decreased their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. UBS Group reduced their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $61.81.

Realty Income Trading Down 0.3 %

NYSE O opened at $54.27 on Friday. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The business has a 50 day moving average price of $54.24 and a 200-day moving average price of $58.34. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market cap of $47.49 billion, a price-to-earnings ratio of 51.68, a P/E/G ratio of 1.96 and a beta of 1.00.

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

Realty Income Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is currently 301.91%.

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.