New York Life Investment Management LLC Grows Position in Realty Income Co. (NYSE:O)

New York Life Investment Management LLC boosted its stake in Realty Income Co. (NYSE:O) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 117,619 shares of the real estate investment trust’s stock after purchasing an additional 1,477 shares during the quarter. New York Life Investment Management LLC’s holdings in Realty Income were worth $6,282,000 as of its most recent filing with the SEC.

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

Realty Income Trading Up 0.8 %

NYSE O opened at $57.03 on Friday. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. 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 company has a market capitalization of $49.91 billion, a price-to-earnings ratio of 54.31, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company’s fifty day moving average price is $54.25 and its two-hundred day moving average price is $57.95.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. As a group, research 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 disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.268 per share. This represents a yield of 5.7%. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income’s dividend payout ratio is 327.55%.

Analysts Set New Price Targets

A number of research analysts have weighed in on O shares. Barclays reduced their price target 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. Royal Bank of Canada reduced their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday. Stifel Nicolaus reduced their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Mizuho reduced their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, UBS Group reduced 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. Eleven 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 company presently 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.