Realty Income Co. (NYSE:O) Position Increased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC raised its position in Realty Income Co. (NYSE:O) by 158.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,870 shares of the real estate investment trust’s stock after purchasing an additional 66,727 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Realty Income were worth $5,815,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Realty Income by 765.1% in 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 buying an additional 6,673,617 shares during the last quarter. Raymond James & Associates grew its position in Realty Income by 92.4% in the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock worth $410,932,000 after acquiring an additional 3,112,560 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Realty Income by 3,150.5% during the 3rd quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust’s stock worth $175,142,000 after purchasing an additional 2,675,266 shares during the last quarter. Parnassus Investments LLC increased its stake in shares of Realty Income by 7.4% during the 3rd 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. Finally, Bank of Montreal Can raised its holdings in shares of Realty Income by 102.1% during the 3rd quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust’s stock valued at $137,502,000 after purchasing an additional 1,107,493 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Trading Down 0.3 %

Shares of Realty Income stock opened at $54.14 on Monday. 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 $47.38 billion, a PE ratio of 51.56, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The company’s fifty day moving average price is $54.08 and its two-hundred day moving average price is $58.29.

Realty Income Dividend Announcement

The firm also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $0.264 dividend. This represents a yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s dividend payout ratio (DPR) is presently 301.91%.

Analyst Ratings Changes

O has been the topic of several analyst reports. UBS Group lowered their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research report on Monday, January 27th. Scotiabank lowered their price target on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Finally, Barclays cut their price target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.81.

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.