Boston Financial Mangement LLC Sells 400 Shares of Realty Income Co. (NYSE:O)

Boston Financial Mangement LLC lowered its holdings in shares of Realty Income Co. (NYSE:O) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,974 shares of the real estate investment trust’s stock after selling 400 shares during the quarter. Boston Financial Mangement LLC’s holdings in Realty Income were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of O. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 acquiring an additional 6,673,617 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Realty Income by 3,150.5% in the 3rd 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 during the last quarter. Parnassus Investments LLC lifted its holdings in shares of Realty Income by 7.4% in the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock worth $1,550,506,000 after acquiring an additional 1,676,293 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Realty Income by 102.1% in 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 acquiring an additional 1,107,493 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Realty Income by 391.6% in the 3rd quarter. KBC Group NV now owns 623,658 shares of the real estate investment trust’s stock worth $39,552,000 after acquiring an additional 496,796 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on O. Scotiabank decreased their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. UBS Group decreased their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective 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. Finally, Barclays cut their target price on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Ten equities 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, the stock presently has a consensus rating of “Hold” and an average target price of $62.21.

Realty Income Stock Up 1.1 %

Shares of Realty Income stock opened at $57.14 on Friday. The firm’s 50 day moving average price is $53.88 and its 200-day moving average price is $58.09. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a market cap of $50.01 billion, a P/E ratio of 54.41, a PEG ratio of 2.06 and a beta of 1.00.

Realty Income Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, March 3rd. This represents a dividend yield of 5.7%. 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

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.