Rhumbline Advisers Sells 5,078 Shares of Realty Income Co. (NYSE:O)

Rhumbline Advisers lessened its holdings in Realty Income Co. (NYSE:O - Free Report) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,689,226 shares of the real estate investment trust's stock after selling 5,078 shares during the quarter. Rhumbline Advisers owned approximately 0.19% of Realty Income worth $90,221,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in O. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in 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 worth $478,556,000 after acquiring an additional 6,673,617 shares during the period. Raymond James & Associates grew its holdings in Realty Income by 92.4% in the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust's stock worth $410,932,000 after purchasing an additional 3,112,560 shares during the period. Janus Henderson Group PLC increased its stake 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 valued at $175,142,000 after purchasing an additional 2,675,266 shares in the last quarter. Parnassus Investments LLC raised its holdings in shares of Realty Income by 7.4% during the third 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 purchasing an additional 1,676,293 shares during the period. Finally, Bank of Montreal Can boosted 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 worth $137,502,000 after purchasing an additional 1,107,493 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on O shares. Stifel Nicolaus decreased their price target on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research note on Wednesday, January 8th. 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. Royal Bank of Canada reissued an "outperform" rating and set a $62.00 price objective on shares of Realty Income in a report on Monday, January 27th. 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. Finally, Scotiabank decreased their price target 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $62.21.

Realty Income Stock Performance

Shares of Realty Income stock traded up $0.47 on Wednesday, reaching $55.70. 4,116,251 shares of the company traded hands, compared to its average volume of 4,595,138. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $48.74 billion, a PE ratio of 53.04, a PEG ratio of 1.95 and a beta of 1.00. The company has a 50 day moving average of $53.84 and a 200 day moving average of $58.12. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88.

Realty Income Announces Dividend

The company also recently announced a feb 25 dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $0.264 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income's payout ratio is presently 301.91%.

Realty Income Company 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.