Cbre Investment Management Listed Real Assets LLC Has $277.63 Million Stock Position in Realty Income Co. (NYSE:O)

Cbre Investment Management Listed Real Assets LLC cut its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 13.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,198,044 shares of the real estate investment trust's stock after selling 833,474 shares during the quarter. Realty Income comprises 4.9% of Cbre Investment Management Listed Real Assets LLC's portfolio, making the stock its 2nd biggest holding. Cbre Investment Management Listed Real Assets LLC owned 0.59% of Realty Income worth $277,628,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. M&T Bank Corp increased its holdings in shares of Realty Income by 4.1% during the 4th quarter. M&T Bank Corp now owns 128,029 shares of the real estate investment trust's stock worth $6,839,000 after acquiring an additional 5,060 shares during the last quarter. Assetmark Inc. grew its holdings in Realty Income by 14.6% in the 4th quarter. Assetmark Inc. now owns 63,929 shares of the real estate investment trust's stock valued at $3,414,000 after buying an additional 8,127 shares in the last quarter. Exencial Wealth Advisors LLC grew its holdings in Realty Income by 9.1% in the 4th quarter. Exencial Wealth Advisors LLC now owns 3,915 shares of the real estate investment trust's stock valued at $209,000 after buying an additional 328 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in Realty Income by 46.7% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 36,220 shares of the real estate investment trust's stock valued at $1,910,000 after buying an additional 11,533 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Realty Income by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,989,300 shares of the real estate investment trust's stock valued at $533,529,000 after buying an additional 260,071 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

Shares of O stock traded up $0.40 on Wednesday, hitting $58.16. 5,365,780 shares of the company's stock were exchanged, compared to its average volume of 5,070,082. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The stock has a market cap of $51.85 billion, a P/E ratio of 55.39, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company has a 50 day moving average of $54.53 and a 200 day moving average of $57.89.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. On average, equities research analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.268 dividend. The ex-dividend date is Monday, March 3rd. This is an increase from Realty Income's previous mar 25 dividend of $0.26. This represents a yield of 5.7%. Realty Income's dividend payout ratio (DPR) is currently 327.55%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. UBS Group decreased their price objective on Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Stifel Nicolaus decreased their price objective on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Scotiabank decreased their price objective on Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price objective on the stock. Finally, BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Realty Income currently has an average rating of "Hold" and an average target price of $62.04.

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.