Realty Income Co. (NYSE:O) Holdings Cut by Perkins Coie Trust Co

Perkins Coie Trust Co reduced its stake in Realty Income Co. (NYSE:O) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,763 shares of the real estate investment trust’s stock after selling 2,296 shares during the period. Perkins Coie Trust Co’s holdings in Realty Income were worth $1,963,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 valued at $478,556,000 after purchasing an additional 6,673,617 shares during the last quarter. Raymond James & Associates raised its position in shares of Realty Income by 92.4% during the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock worth $410,932,000 after buying an additional 3,112,560 shares in the last quarter. Janus Henderson Group PLC boosted its holdings 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 valued at $175,142,000 after acquiring an additional 2,675,266 shares in the last quarter. Parnassus Investments LLC boosted its holdings in shares of 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 acquiring an additional 1,676,293 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Realty Income by 102.1% during the third 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 acquiring an additional 1,107,493 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Price Performance

O opened at $54.62 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 quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $47.80 billion, a P/E ratio of 52.02, a PEG ratio of 1.85 and a beta of 1.00. The stock has a fifty day moving average of $54.92 and a 200-day moving average of $58.32.

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

Realty Income Announces Dividend

The business also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $0.264 dividend. The ex-dividend date is Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s dividend payout ratio is presently 301.91%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Barclays started coverage on Realty Income in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price target for the company. Royal Bank of Canada lowered their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Finally, Scotiabank cut their target price on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $62.12.

Realty Income Company 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.