Northwestern Mutual Wealth Management Co. Purchases 12,767 Shares of Realty Income Corporation $O

Northwestern Mutual Wealth Management Co. grew its position in Realty Income Corporation (NYSE:O) by 9.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,702 shares of the real estate investment trust’s stock after buying an additional 12,767 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Realty Income were worth $9,152,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in O. Nomura Asset Management Co. Ltd. raised its stake in Realty Income by 0.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,323,920 shares of the real estate investment trust’s stock worth $130,999,000 after buying an additional 16,546 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Realty Income by 5.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,730,032 shares of the real estate investment trust’s stock valued at $156,458,000 after acquiring an additional 140,685 shares during the period. Keudell Morrison Wealth Management bought a new position in shares of Realty Income in the 4th quarter worth $1,037,000. Bison Wealth LLC purchased a new stake in shares of Realty Income during the 4th quarter worth $571,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Realty Income by 6.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 345,958 shares of the real estate investment trust’s stock valued at $19,502,000 after purchasing an additional 20,402 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

O opened at $61.52 on Thursday. Realty Income Corporation has a 52-week low of $55.86 and a 52-week high of $67.93. The company has a quick ratio of 5.88, a current ratio of 5.88 and a debt-to-equity ratio of 0.73. The company has a market cap of $58.22 billion, a P/E ratio of 44.91, a price-to-earnings-growth ratio of 4.35 and a beta of 0.71. The firm’s 50-day moving average price is $63.31 and its 200-day moving average price is $63.10.

Realty Income (NYSE:O) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, hitting analysts’ consensus estimates of $1.09. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. Realty Income’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the business earned $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, equities analysts anticipate that Realty Income Corporation will post 4.43 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.271 per share. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Monday, August 31st. Realty Income’s payout ratio is presently 237.23%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on O shares. Freedom Capital upgraded shares of Realty Income from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Weiss Ratings upgraded shares of Realty Income from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Jefferies Financial Group started coverage on shares of Realty Income in a research report on Monday, June 1st. They set a “buy” rating and a $69.00 target price for the company. Scotiabank lowered their target price 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. Finally, Mizuho cut their price target on shares of Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a report on Wednesday, May 13th. One 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 given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $67.36.

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.