Chevy Chase Trust Holdings LLC lowered its position in Realty Income Co. (NYSE:O - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 459,620 shares of the real estate investment trust's stock after selling 9,013 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Realty Income worth $24,548,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in O. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Realty Income by 765.1% during 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 in the last quarter. Raymond James & Associates increased its holdings in Realty Income by 92.4% during the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust's stock worth $410,932,000 after purchasing an additional 3,112,560 shares in the last quarter. Janus Henderson Group PLC increased its holdings in 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 in the last quarter. Parnassus Investments LLC increased its holdings in 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 in the last quarter. Finally, Bank of Montreal Can increased its holdings in 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 worth $137,502,000 after purchasing an additional 1,107,493 shares in the last quarter. Institutional investors own 70.81% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Royal Bank of Canada reiterated an "outperform" rating and set a $62.00 target price on shares of Realty Income in a report on Monday, January 27th. Scotiabank decreased their price objective on Realty Income from $61.00 to $59.00 and set a "sector perform" rating for the company in a report on Thursday, January 16th. Mizuho decreased their price objective on Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Barclays decreased their price objective 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Realty Income currently has a consensus rating of "Hold" and a consensus target price of $62.21.
Check Out Our Latest Analysis on O
Realty Income Stock Performance
Shares of NYSE O traded up $0.47 during trading hours on Wednesday, reaching $55.70. 4,111,368 shares of the stock were exchanged, compared to its average volume of 4,594,949. The stock's fifty day simple moving average is $53.84 and its 200 day simple moving average is $58.12. The firm has a market capitalization of $48.74 billion, a price-to-earnings ratio of 53.04, a P/E/G ratio of 1.95 and a beta of 1.00. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.
Realty Income Announces Dividend
The company also recently announced a feb 25 dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.264 per share. 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 currently 301.91%.
About Realty Income
(
Free Report)
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.
Further Reading
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