Pasadena Private Wealth LLC Acquires 4,578 Shares of Realty Income Co. (NYSE:O)

Pasadena Private Wealth LLC raised its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 28.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,815 shares of the real estate investment trust's stock after acquiring an additional 4,578 shares during the quarter. Pasadena Private Wealth LLC's holdings in Realty Income were worth $1,112,000 at the end of the most recent quarter.

Other institutional investors and 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. Janus Henderson Group PLC grew its position in Realty Income by 3,150.5% in the third quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust's stock worth $175,142,000 after acquiring an additional 2,675,266 shares in 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. 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. Finally, KBC Group NV lifted 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 valued at $39,552,000 after purchasing an additional 496,796 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Performance

NYSE O traded up $0.62 during midday trading on Friday, hitting $57.14. The company had a trading volume of 7,382,843 shares, compared to its average volume of 4,696,011. The firm has a fifty day simple moving average of $53.88 and a two-hundred day simple moving average of $58.09. 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 quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $50.01 billion, a price-to-earnings ratio of 54.41, a P/E/G ratio of 2.06 and a beta of 1.00.

Realty Income Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on O shares. 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. Scotiabank lowered their price objective on Realty Income from $61.00 to $59.00 and set a "sector perform" rating on the stock in a report on Thursday, January 16th. Mizuho reduced their target price 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 lowered their price target on Realty Income from $59.00 to $56.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $62.00 price objective on shares of Realty Income in a research note on Monday, January 27th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.