Asset Planning Inc Invests $1.95 Million in Realty Income Co. (NYSE:O)

Asset Planning Inc acquired a new position in Realty Income Co. (NYSE:O - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 36,426 shares of the real estate investment trust's stock, valued at approximately $1,945,000. Realty Income makes up 1.5% of Asset Planning Inc's holdings, making the stock its 14th biggest holding.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in O. Parnassus Investments LLC increased 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 buying an additional 1,676,293 shares during the last quarter. Geode Capital Management LLC grew its holdings in Realty Income by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust's stock worth $1,445,036,000 after acquiring an additional 242,786 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Realty Income by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust's stock worth $617,028,000 after acquiring an additional 463,286 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Realty Income by 765.1% in the 3rd 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 purchasing an additional 6,673,617 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of Realty Income by 92.4% in the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust's stock valued at $410,932,000 after purchasing an additional 3,112,560 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on O. UBS Group decreased their price target on Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. Royal Bank of Canada reiterated an "outperform" rating and issued a $62.00 target price on shares of Realty Income in a research report on Monday, January 27th. Barclays dropped their price target on 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price objective for the company. Finally, Scotiabank dropped their target price on shares of Realty Income from $61.00 to $59.00 and set a "sector perform" rating on the stock in a report on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $62.21.

Realty Income Stock Performance

Realty Income stock traded down $0.39 during midday trading on Monday, reaching $54.53. 3,720,348 shares of the stock traded hands, compared to its average volume of 4,456,966. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market cap 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 firm has a fifty day moving average price of $53.90 and a two-hundred day moving average price of $58.18.

Realty Income Announces Dividend

The firm also recently disclosed a feb 25 dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $0.264 dividend. This represents a yield of 5.9%. The ex-dividend date of this dividend was Monday, February 3rd. Realty Income's dividend payout ratio (DPR) is 301.91%.

Realty Income 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.