Prudent Man Advisors LLC Increases Stock Position in Realty Income Co. (NYSE:O)

Prudent Man Advisors LLC boosted its stake in Realty Income Co. (NYSE:O) by 25.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,808 shares of the real estate investment trust’s stock after purchasing an additional 1,597 shares during the quarter. Prudent Man Advisors LLC’s holdings in Realty Income were worth $417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Parnassus Investments LLC raised its stake 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 in the last quarter. Geode Capital Management LLC grew its position in Realty Income by 1.1% during the third quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock valued at $1,445,036,000 after acquiring an additional 242,786 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 acquiring an additional 463,286 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 acquiring an additional 6,673,617 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Realty Income by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 5,847,484 shares of the real estate investment trust’s stock worth $312,314,000 after purchasing an additional 50,670 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

O opened at $57.03 on Friday. The stock has a 50-day moving average price of $54.25 and a 200-day moving average price of $57.93. 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 cap of $49.91 billion, a PE ratio of 54.31, a P/E/G ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Sell-side analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a $0.268 dividend. This represents a dividend yield of 5.7%. The ex-dividend date is Monday, March 3rd. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s payout ratio is currently 327.55%.

Analyst Ratings Changes

Several brokerages have recently issued reports on O. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a report on Tuesday, February 25th. Scotiabank cut their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. Mizuho cut their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, UBS Group cut their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $61.81.

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.