Handelsbanken Fonder AB Acquires 51,315 Shares of Realty Income Co. (NYSE:O)

Handelsbanken Fonder AB grew its position in shares of Realty Income Co. (NYSE:O - Free Report) by 12.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 468,118 shares of the real estate investment trust's stock after purchasing an additional 51,315 shares during the quarter. Handelsbanken Fonder AB owned approximately 0.05% of Realty Income worth $25,002,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of O. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of 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 valued at $478,556,000 after purchasing an additional 6,673,617 shares during the last quarter. Janus Henderson Group PLC boosted 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 valued at $175,142,000 after acquiring an additional 2,675,266 shares during the period. Parnassus Investments LLC boosted 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 valued at $1,550,506,000 after acquiring an additional 1,676,293 shares during the period. Bank of Montreal Can boosted 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 valued at $137,502,000 after acquiring an additional 1,107,493 shares during the period. Finally, KBC Group NV boosted its holdings in Realty Income by 391.6% during the 3rd quarter. KBC Group NV now owns 623,658 shares of the real estate investment trust's stock valued at $39,552,000 after acquiring an additional 496,796 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Up 1.1 %

Shares of O traded up $0.62 on Friday, reaching $57.14. The stock had a trading volume of 7,382,843 shares, compared to its average volume of 4,696,011. The firm has a market capitalization of $50.01 billion, a price-to-earnings ratio of 54.41, a price-to-earnings-growth ratio of 2.06 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a 50-day simple moving average of $53.88 and a 200-day simple moving average of $58.09. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88.

Realty Income Increases Dividend

The business also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be given a dividend of $0.268 per share. This represents a yield of 5.7%. The ex-dividend date is Monday, March 3rd. This is a positive change from Realty Income's previous mar 25 dividend of $0.26. Realty Income's dividend payout ratio (DPR) is 301.91%.

Analysts Set New Price Targets

O has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday, December 11th. They set a "hold" rating and a $62.00 target price for the company. UBS Group dropped their target price on Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, November 14th. Royal Bank of Canada restated an "outperform" rating and set a $62.00 target price on shares of Realty Income in a report on Monday, January 27th. Scotiabank dropped 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. Finally, Stifel Nicolaus dropped their price objective on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a report on Wednesday, January 8th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Realty Income presently has an average rating of "Hold" and an average target price of $62.21.

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.