Nomura Asset Management Co. Ltd. Grows Stock Position in Realty Income Co. (NYSE:O)

Nomura Asset Management Co. Ltd. boosted its position in shares of Realty Income Co. (NYSE:O) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,045,268 shares of the real estate investment trust’s stock after buying an additional 61,143 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.23% of Realty Income worth $109,238,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of O. Lee Danner & Bass Inc. purchased a new stake in shares of Realty Income in the fourth quarter worth approximately $28,000. Hopwood Financial Services Inc. bought a new position in Realty Income in the 4th quarter valued at $29,000. Sierra Ocean LLC purchased a new stake in Realty Income in the fourth quarter worth $32,000. Millstone Evans Group LLC bought a new stake in shares of Realty Income during the fourth quarter worth $34,000. Finally, BankPlus Trust Department bought a new stake in shares of Realty Income during the fourth quarter worth $37,000. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Scotiabank reduced their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research note on Friday, February 28th. Barclays raised their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Stifel Nicolaus lowered their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Finally, Mizuho decreased their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.04.

Realty Income Price Performance

NYSE O opened at $56.18 on Friday. The firm’s fifty day simple moving average is $55.75 and its two-hundred day simple moving average is $57.36. The firm has a market capitalization of $50.08 billion, a P/E ratio of 53.50, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88.

Realty Income (NYSE:O) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $0.2685 dividend. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, April 1st. Realty Income’s dividend payout ratio (DPR) is presently 328.57%.

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.