Howard Capital Management Inc. Acquires 229 Shares of Realty Income Co. (NYSE:O)

Howard Capital Management Inc. lifted its holdings in Realty Income Co. (NYSE:O) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,456 shares of the real estate investment trust’s stock after buying an additional 229 shares during the period. Howard Capital Management Inc.’s holdings in Realty Income were worth $238,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in O. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Realty Income by 765.1% in 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 buying an additional 6,673,617 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Realty Income by 3,150.5% during the 3rd 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 during the last quarter. Parnassus Investments LLC grew its holdings in Realty Income by 7.4% during the 3rd 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. Bank of Montreal Can grew its holdings 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 during the last quarter. Finally, KBC Group NV grew its holdings in Realty Income by 391.6% during the 3rd quarter. KBC Group NV now owns 623,658 shares of the real estate investment trust’s stock valued at $39,552,000 after purchasing an additional 496,796 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Price Performance

Shares of O opened at $56.21 on Wednesday. The company has a 50 day moving average price of $54.00 and a 200-day moving average price of $58.00. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The stock has a market capitalization of $49.20 billion, a PE ratio of 53.54, a PEG ratio of 2.10 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 quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $1.28 billion. Equities analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm 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 of this dividend is Monday, March 3rd. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s dividend payout ratio is presently 305.71%.

Analysts Set New Price Targets

Several equities analysts recently commented on O shares. Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 price target on shares of Realty Income in a report on Monday, January 27th. Scotiabank cut their price target on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. 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. Stifel Nicolaus cut their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Realty Income has a consensus rating of “Hold” and an average price target of $62.12.

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.