Meiji Yasuda Life Insurance Co Cuts Stake in Realty Income Co. (NYSE:O)

Meiji Yasuda Life Insurance Co lowered its position in shares of Realty Income Co. (NYSE:O) by 9.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,293 shares of the real estate investment trust’s stock after selling 3,044 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Realty Income were worth $1,531,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Innova Wealth Partners acquired a new stake in shares of Realty Income during the first quarter worth about $202,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Realty Income by 3.9% during the first quarter. B. Riley Wealth Advisors Inc. now owns 8,738 shares of the real estate investment trust’s stock worth $439,000 after purchasing an additional 325 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Realty Income by 6.8% during the first quarter. Janus Henderson Group PLC now owns 102,180 shares of the real estate investment trust’s stock worth $5,527,000 after purchasing an additional 6,503 shares during the period. BROOKFIELD Corp ON lifted its holdings in shares of Realty Income by 124.2% during the first quarter. BROOKFIELD Corp ON now owns 906,325 shares of the real estate investment trust’s stock worth $49,032,000 after purchasing an additional 502,098 shares during the period. Finally, Benchmark Investment Advisors LLC acquired a new stake in shares of Realty Income during the first quarter worth about $401,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

O stock traded down $0.94 during midday trading on Wednesday, hitting $57.43. 7,584,589 shares of the company traded hands, compared to its average volume of 6,095,830. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $61.53. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The business has a 50 day simple moving average of $54.08 and a 200-day simple moving average of $53.75. The stock has a market capitalization of $50.01 billion, a price-to-earnings ratio of 53.89, a price-to-earnings-growth ratio of 5.07 and a beta of 0.96.

Realty Income (NYSE:O) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (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 period last year, the firm posted $0.98 EPS. The company’s revenue was up 33.5% compared to the same quarter last year. As a group, equities research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently disclosed a aug 24 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.263 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio is currently 292.59%.

Analyst Upgrades and Downgrades

O has been the subject of a number of research reports. KeyCorp initiated coverage on Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating for the company. Mizuho lifted their price target on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. UBS Group increased their price objective on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Scotiabank raised their target price on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus price target of $61.88.

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.