Y Intercept Hong Kong Ltd Has $3.99 Million Stake in Realty Income Co. (NYSE:O)

Y Intercept Hong Kong Ltd grew its stake in Realty Income Co. (NYSE:O) by 1,934.0% during the fourth quarter, HoldingsChannel reports. The firm owned 74,648 shares of the real estate investment trust’s stock after buying an additional 70,978 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Realty Income were worth $3,987,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Realty Income by 45.2% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 193,153 shares of the real estate investment trust’s stock valued at $10,316,000 after acquiring an additional 60,100 shares during the period. Howard Capital Management Inc. grew its stake in shares of Realty Income by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust’s stock worth $238,000 after acquiring an additional 229 shares in the last quarter. Wealthspire Advisors LLC grew its stake in shares of Realty Income by 7.9% in the 4th quarter. Wealthspire Advisors LLC now owns 17,647 shares of the real estate investment trust’s stock worth $943,000 after acquiring an additional 1,292 shares in the last quarter. TCW Group Inc. boosted its holdings in shares of Realty Income by 2.6% in the 4th quarter. TCW Group Inc. now owns 12,226 shares of the real estate investment trust’s stock worth $653,000 after buying an additional 310 shares during the last quarter. Finally, JBR Co Financial Management Inc boosted its holdings in shares of Realty Income by 2.4% in the 4th quarter. JBR Co Financial Management Inc now owns 17,349 shares of the real estate investment trust’s stock worth $927,000 after buying an additional 412 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on O shares. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 price target on shares of Realty Income in a report on Monday, January 27th. 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. Stifel Nicolaus cut their target price 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. Mizuho cut their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.21.

Realty Income Price Performance

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

The firm also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.268 dividend. 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 (DPR) is presently 305.71%.

Realty Income 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.