Handelsbanken Fonder AB Grows Stock Holdings in Realty Income Co. (NYSE:O)

Handelsbanken Fonder AB grew its stake in shares of Realty Income Co. (NYSE:O) by 12.3% during the 4th quarter, HoldingsChannel reports. The fund owned 468,118 shares of the real estate investment trust’s stock after buying an additional 51,315 shares during the period. Handelsbanken Fonder AB’s holdings in Realty Income were worth $25,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. LMG Wealth Partners LLC purchased a new stake in shares of Realty Income in the fourth quarter worth about $3,965,000. Private Advisor Group LLC increased its holdings in Realty Income by 1.0% during the 4th quarter. Private Advisor Group LLC now owns 58,451 shares of the real estate investment trust’s stock worth $3,122,000 after acquiring an additional 558 shares during the period. Pasadena Private Wealth LLC lifted its stake in Realty Income by 28.2% in the 4th quarter. Pasadena Private Wealth LLC now owns 20,815 shares of the real estate investment trust’s stock worth $1,112,000 after purchasing an additional 4,578 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Realty Income by 103.0% in the 4th quarter. Global Retirement Partners LLC now owns 41,990 shares of the real estate investment trust’s stock valued at $2,243,000 after purchasing an additional 21,302 shares during the period. Finally, Atlas Legacy Advisors LLC purchased a new position in shares of Realty Income during the 4th quarter valued at $279,000. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

O has been the topic of a number of recent analyst reports. Scotiabank lowered their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Barclays lowered their price target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Mizuho cut their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Finally, UBS Group dropped their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $62.21.

Realty Income Trading Up 1.5 %

Shares of O opened at $56.51 on Friday. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The firm has a market cap of $49.46 billion, a price-to-earnings ratio of 53.82, a PEG ratio of 1.98 and a beta of 1.00. The firm has a 50 day moving average price of $53.85 and a 200-day moving average price of $58.10. 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 declared a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.268 per share. This represents a yield of 5.7%. This is a positive change 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 presently 301.91%.

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.