Principal Financial Group Inc. raised its stake in Realty Income Co. (NYSE:O - Free Report) by 0.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,208,528 shares of the real estate investment trust's stock after buying an additional 17,789 shares during the quarter. Principal Financial Group Inc. owned approximately 0.25% of Realty Income worth $117,958,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Trust Co. of Vermont increased its position in Realty Income by 12.7% in the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock valued at $13,540,000 after acquiring an additional 28,480 shares during the period. Atlanta Consulting Group Advisors LLC acquired a new position in shares of Realty Income during the third quarter valued at $896,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Realty Income by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust's stock valued at $617,028,000 after purchasing an additional 463,286 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Realty Income by 6.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock worth $93,850,000 after purchasing an additional 101,184 shares during the period. Finally, Swiss National Bank lifted its holdings in Realty Income by 1.4% in the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust's stock worth $163,921,000 after purchasing an additional 35,100 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.
Analysts Set New Price Targets
A number of research firms have commented on O. UBS Group dropped their price target 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. Barclays dropped their target price 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. Mizuho decreased their price target on Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research report on Wednesday, December 11th. They set a "hold" rating and a $62.00 price target on the stock. Finally, Scotiabank cut 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. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $62.21.
View Our Latest Report on O
Realty Income Trading Up 1.1 %
Shares of Realty Income stock traded up $0.62 on Friday, reaching $57.14. 7,382,843 shares of the company were exchanged, compared to its average volume of 4,696,011. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. 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 current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a fifty day moving average price of $53.88 and a 200-day moving average price of $58.09.
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%. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Realty Income's previous mar 25 dividend of $0.26. Realty Income's payout ratio is presently 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.
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