Valley Wealth Managers Inc. Sells 7,205 Shares of Realty Income Co. (NYSE:O)

Valley Wealth Managers Inc. trimmed its stake in shares of Realty Income Co. (NYSE:O) by 10.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,727 shares of the real estate investment trust’s stock after selling 7,205 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Realty Income were worth $3,297,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Realty Income by 765.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock worth $478,556,000 after acquiring an additional 6,673,617 shares during the last quarter. Janus Henderson Group PLC lifted its position in Realty Income by 3,150.5% in the 3rd quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust’s stock valued at $175,142,000 after acquiring an additional 2,675,266 shares in the last quarter. Parnassus Investments LLC raised its stake in shares of Realty Income by 7.4% in the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock worth $1,550,506,000 after purchasing an additional 1,676,293 shares during the last quarter. Bank of Montreal Can grew its holdings in Realty Income by 102.1% during the third quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust’s stock worth $137,502,000 after buying an additional 1,107,493 shares in the last quarter. Finally, KBC Group NV grew its stake 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 acquiring an additional 496,796 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

O has been the topic of several research reports. Barclays lowered their price target on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Stifel Nicolaus decreased their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada restated an “outperform” rating and issued a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Mizuho reduced their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, UBS Group decreased their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $62.21.

Realty Income Stock Performance

Shares of O stock opened at $54.53 on Tuesday. 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 Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The firm has a market capitalization of $47.73 billion, a price-to-earnings ratio of 51.93, a PEG ratio of 1.94 and a beta of 1.00. The stock has a fifty day moving average of $53.90 and a 200 day moving average of $58.18.

Realty Income Announces Dividend

The firm also recently announced a feb 25 dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.264 dividend. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend was Monday, February 3rd. Realty Income’s dividend payout ratio is presently 301.91%.

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.