Ieq Capital LLC Reduces Holdings in Realty Income Co. (NYSE:O)

Ieq Capital LLC reduced its position in Realty Income Co. (NYSE:O) by 2.4% in the 4th quarter, Holdings Channel reports. The firm owned 30,512 shares of the real estate investment trust’s stock after selling 735 shares during the quarter. Ieq Capital LLC’s holdings in Realty Income were worth $1,630,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parnassus Investments LLC boosted 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 acquiring an additional 1,676,293 shares during the period. Geode Capital Management LLC grew its holdings in Realty Income by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock worth $1,445,036,000 after acquiring an additional 242,786 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Realty Income by 5.0% in the 3rd 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 purchasing an additional 463,286 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 valued at $478,556,000 after purchasing an additional 6,673,617 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Realty Income by 6.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,589,456 shares of the real estate investment trust’s stock worth $245,123,000 after buying an additional 261,162 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 1.1 %

NYSE:O opened at $57.14 on Monday. The stock has a 50-day simple moving average of $53.92 and a 200 day simple moving average of $58.05. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The company has a market capitalization of $50.01 billion, a price-to-earnings ratio of 54.41, a price-to-earnings-growth 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 Increases Dividend

The business also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.268 dividend. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. This represents a yield of 5.7%. The ex-dividend date is Monday, March 3rd. Realty Income’s payout ratio is presently 305.71%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays decreased their target price on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $62.00 price objective on shares of Realty Income in a report on Monday, January 27th. Scotiabank reduced their target price on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. Finally, Stifel Nicolaus reduced their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Ten investment 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 presently has an average rating of “Hold” and an average target price of $62.21.

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.