CIBC Asset Management Inc Raises Stock Position in Realty Income Co. (NYSE:O)

CIBC Asset Management Inc grew its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 249,625 shares of the real estate investment trust's stock after buying an additional 4,649 shares during the quarter. CIBC Asset Management Inc's holdings in Realty Income were worth $13,332,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of O. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Realty Income by 765.1% during 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 valued at $478,556,000 after purchasing an additional 6,673,617 shares during the last quarter. Janus Henderson Group PLC grew its position 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 valued at $175,142,000 after acquiring an additional 2,675,266 shares during the period. Parnassus Investments LLC grew its position 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 valued at $1,550,506,000 after acquiring an additional 1,676,293 shares during the period. Bank of Montreal Can grew its position 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 acquiring an additional 1,107,493 shares during the period. Finally, KBC Group NV lifted its stake in shares of 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 buying an additional 496,796 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

Shares of NYSE:O traded up $0.62 during midday trading on Friday, reaching $57.14. The company's 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 PE ratio of 54.41, a P/E/G ratio of 2.06 and a beta of 1.00. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The stock has a fifty day moving average of $53.88 and a 200 day moving average of $58.09. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have commented on O. Scotiabank decreased their price target on shares of Realty Income from $61.00 to $59.00 and set a "sector perform" rating on the stock in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a "hold" rating and a $62.00 price target on the stock. Stifel Nicolaus dropped their target price on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada restated an "outperform" rating and issued a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Finally, UBS Group dropped 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 note on Thursday, November 14th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Realty Income currently has a consensus rating of "Hold" and an average target price of $62.21.

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.