Realty Income Co. (NYSE:O) Shares Acquired by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB boosted its stake in Realty Income Co. (NYSE:O) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,258 shares of the real estate investment trust’s stock after purchasing an additional 400 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Realty Income were worth $922,000 at the end of the most recent reporting period.

Several other hedge funds also recently 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 valued at $478,556,000 after purchasing an additional 6,673,617 shares in the last quarter. Raymond James & Associates increased its position in shares of Realty Income by 92.4% during 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 acquiring an additional 3,112,560 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of 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 boosted its holdings in Realty Income by 7.4% in 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 last quarter. Finally, Bank of Montreal Can grew its stake in 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. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on O. Barclays assumed coverage on Realty Income in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 target price for the company. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Scotiabank cut their target price 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. Royal Bank of Canada lowered their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $62.12.

Realty Income Trading Up 1.1 %

Realty Income stock opened at $55.25 on Wednesday. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The firm’s 50 day moving average price is $54.86 and its two-hundred day moving average price is $58.42. The firm has a market cap of $48.35 billion, a price-to-earnings ratio of 52.62, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.02 earnings per share. On average, research analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $0.264 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is presently 301.91%.

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.