Sumitomo Mitsui Trust Group Inc. Sells 78,050 Shares of Realty Income Corporation $O

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Realty Income Corporation (NYSE:O) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,890,238 shares of the real estate investment trust’s stock after selling 78,050 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.31% of Realty Income worth $179,079,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. DGS Capital Management LLC increased its holdings in shares of Realty Income by 4.3% during the 4th quarter. DGS Capital Management LLC now owns 3,836 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 158 shares during the period. Tactive Advisors LLC raised its position in shares of Realty Income by 1.8% during the second quarter. Tactive Advisors LLC now owns 9,239 shares of the real estate investment trust’s stock valued at $572,000 after buying an additional 163 shares during the last quarter. Patrick M Sweeney & Associates Inc. lifted its stake in shares of Realty Income by 4.5% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 3,801 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 164 shares during the period. CYBER HORNET ETFs LLC lifted its stake in shares of Realty Income by 7.4% in the fourth quarter. CYBER HORNET ETFs LLC now owns 2,417 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 166 shares during the period. Finally, Sage Private Wealth Group LLC lifted its stake in shares of Realty Income by 2.2% in the fourth quarter. Sage Private Wealth Group LLC now owns 7,844 shares of the real estate investment trust’s stock valued at $442,000 after buying an additional 170 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Down 0.3%

NYSE O opened at $62.75 on Friday. Realty Income Corporation has a 1-year low of $55.86 and a 1-year high of $67.93. The company has a market capitalization of $59.38 billion, a price-to-earnings ratio of 45.80, a PEG ratio of 4.47 and a beta of 0.71. The stock’s 50 day moving average is $63.07 and its two-hundred day moving average is $63.08. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.09. The business had revenue of $1.55 billion during 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%.Realty Income’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Equities analysts forecast that Realty Income Corporation will post 4.43 earnings per share for the current fiscal year.

Realty Income Announces Dividend

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

Analysts Set New Price Targets

O has been the topic of several research reports. Freedom Capital upgraded Realty Income from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Stifel Nicolaus set a $70.75 price objective on Realty Income in a research report on Tuesday, June 30th. Morgan Stanley set a $67.00 price objective on Realty Income in a research report on Monday, April 27th. Mizuho decreased their price objective on Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. Finally, Evercore set a $68.00 price objective on Realty Income in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $67.42.

Realty Income Profile

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.