MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Decreases Stock Holdings in Realty Income Co. (NYSE:O)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in shares of Realty Income Co. (NYSE:O) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,254 shares of the real estate investment trust’s stock after selling 1,332 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Realty Income were worth $5,449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in O. Tcfg Wealth Management LLC increased its stake in shares of Realty Income by 2.9% during the 4th quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock worth $357,000 after purchasing an additional 186 shares in the last quarter. Romano Brothers AND Company grew its holdings in Realty Income by 2.0% during the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock valued at $544,000 after buying an additional 200 shares during the last quarter. Bay Rivers Group increased its position in Realty Income by 1.0% during the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock worth $1,103,000 after buying an additional 200 shares in the last quarter. Smith Moore & CO. increased its position in Realty Income by 4.8% during the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 201 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Realty Income by 11.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust’s stock worth $115,000 after acquiring an additional 218 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on O. Mizuho increased their price objective on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, April 3rd. UBS Group decreased their price target on shares of Realty Income from $64.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. JPMorgan Chase & Co. lowered their price target on shares of Realty Income from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Monday, May 5th. Scotiabank upped their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a research note on Monday, May 12th. Finally, Royal Bank of Canada decreased their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus target price of $61.15.

Realty Income Trading Up 1.6%

O stock opened at $56.30 on Monday. 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 $50.85 billion, a price-to-earnings ratio of 53.62, a PEG ratio of 2.10 and a beta of 0.78. The business has a fifty day simple moving average of $56.31 and a 200-day simple moving average of $55.70. Realty Income Co. has a 52 week low of $50.71 and a 52 week high of $64.88.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 earnings per share. On average, equities research analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given a $0.2685 dividend. This represents a yield of 5.8%. The ex-dividend date is Monday, June 2nd. Realty Income’s dividend payout ratio (DPR) is presently 292.73%.

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.