Nomura Asset Management Co. Ltd. Has $125.83 Million Stake in Realty Income Co. (NYSE:O)

Nomura Asset Management Co. Ltd. increased its position in Realty Income Co. (NYSE:O) by 0.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,984,125 shares of the real estate investment trust’s stock after purchasing an additional 7,077 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.23% of Realty Income worth $125,833,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Rosenberg Matthew Hamilton grew its stake in shares of Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 211 shares during the period. Creative Capital Management Investments LLC boosted its stake in Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 300 shares in the last quarter. MFA Wealth Advisors LLC acquired a new stake in Realty Income in the 2nd quarter valued at $33,000. Headlands Technologies LLC bought a new stake in Realty Income in the second quarter valued at $42,000. Finally, 1620 Investment Advisors Inc. acquired a new position in Realty Income during the second quarter worth $42,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

O has been the topic of several recent analyst reports. Stifel Nicolaus reduced their target price on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Scotiabank boosted their price target on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 17th. Wedbush started coverage on shares of Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective for the company. Mizuho cut shares of Realty Income from an “outperform” rating to a “neutral” rating and cut their target price for the company from $64.00 to $60.00 in a research note on Thursday, November 14th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $65.00 price target (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus price target of $63.67.

Realty Income Stock Up 0.2 %

Shares of O opened at $56.17 on Monday. The firm has a market capitalization of $49.16 billion, a price-to-earnings ratio of 53.50, a PEG ratio of 3.95 and a beta of 0.98. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The business’s fifty day moving average price is $59.73 and its two-hundred day moving average price is $58.27.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the business earned $1.02 EPS. Realty Income’s revenue was up 28.1% on a year-over-year basis. On average, analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.63%. This is an increase from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date is Monday, December 2nd. Realty Income’s payout ratio is 300.96%.

Insider Activity at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now owns 26,579 shares in the company, valued at approximately $1,663,313.82. This trade represents a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by company insiders.

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.