CIBC Asset Management Inc Has $15.54 Million Position in Realty Income Co. (NYSE:O)

CIBC Asset Management Inc grew its holdings in Realty Income Co. (NYSE:O) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 244,976 shares of the real estate investment trust’s stock after buying an additional 6,502 shares during the quarter. CIBC Asset Management Inc’s holdings in Realty Income were worth $15,536,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. OneDigital Investment Advisors LLC raised its holdings in shares of Realty Income by 36.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 14,064 shares of the real estate investment trust’s stock worth $892,000 after buying an additional 3,720 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in Realty Income by 15.0% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,457 shares of the real estate investment trust’s stock worth $1,551,000 after acquiring an additional 3,184 shares in the last quarter. Black Swift Group LLC lifted its holdings in shares of Realty Income by 16.2% during the third quarter. Black Swift Group LLC now owns 13,240 shares of the real estate investment trust’s stock valued at $840,000 after acquiring an additional 1,850 shares during the period. Metis Global Partners LLC boosted its stake in shares of Realty Income by 21.0% in the 3rd quarter. Metis Global Partners LLC now owns 129,749 shares of the real estate investment trust’s stock valued at $8,229,000 after purchasing an additional 22,475 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Realty Income by 391.6% in the 3rd quarter. KBC Group NV now owns 623,658 shares of the real estate investment trust’s stock worth $39,552,000 after purchasing an additional 496,796 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Up 0.8 %

Shares of O stock opened at $56.53 on Friday. The company has a market capitalization of $49.48 billion, a price-to-earnings ratio of 53.84, a P/E/G ratio of 4.00 and a beta of 0.99. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The firm has a fifty day moving average of $61.43 and a 200-day moving average of $57.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the business posted $1.02 earnings per share. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. As a group, equities research analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, December 2nd will be given a dividend of $0.2635 per share. The ex-dividend date is Monday, December 2nd. This is a boost from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 annualized dividend and a yield of 5.59%. Realty Income’s dividend payout ratio is 300.96%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on O. Royal Bank of Canada reduced their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Stifel Nicolaus decreased their target price on Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. UBS Group cut their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday. Robert W. Baird increased their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 target price on shares of Realty Income in a research note on Tuesday, August 6th. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $63.85.

Insiders Place Their Bets

In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now directly owns 5,257 shares of the company’s stock, valued at $319,467.89. This trade represents a 48.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

About Realty Income

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.