Daiwa Securities Group Inc. Trims Stake in Realty Income Corporation $O

Daiwa Securities Group Inc. decreased its stake in Realty Income Corporation (NYSE:O) by 2.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,737,074 shares of the real estate investment trust’s stock after selling 46,907 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Realty Income were worth $107,629,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. EFG International AG bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $26,000. Evolution Wealth Management Inc. raised its stake in shares of Realty Income by 257.1% during the fourth quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 360 shares in the last quarter. Quattro Advisors LLC acquired a new stake in Realty Income in the fourth quarter worth about $29,000. Sankala Group LLC bought a new position in Realty Income in the 4th quarter valued at about $32,000. Finally, Costello Asset Management INC acquired a new position in Realty Income during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

NYSE O opened at $62.75 on Friday. The stock’s fifty day moving average price is $63.07 and its 200 day moving average price is $63.08. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88. The company has a market cap of $59.38 billion, a price-to-earnings ratio of 45.80, a PEG ratio of 4.47 and a beta of 0.71. Realty Income Corporation has a 1 year low of $55.86 and a 1 year high of $67.93.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.09. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, equities research analysts forecast that Realty Income Corporation will post 4.43 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were paid a $0.271 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a yield of 5.2%. Realty Income’s payout ratio is currently 237.23%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Weiss Ratings raised Realty Income from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. Wells Fargo & Company lifted their target price on shares of Realty Income from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. Scotiabank decreased their price objective on shares of Realty Income from $72.00 to $67.00 and set a “sector outperform” rating for the company in a research note on Thursday, June 18th. Royal Bank Of Canada reduced their target price on Realty Income from $71.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Finally, Freedom Capital raised Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.42.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.