UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $478.56 Million Position in Realty Income Co. (NYSE:O)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Realty Income Co. (NYSE:O) by 765.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,545,815 shares of the real estate investment trust’s stock after purchasing an additional 6,673,617 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Realty Income were worth $478,556,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Public Sector Pension Investment Board grew its holdings in Realty Income by 25.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 151,959 shares of the real estate investment trust’s stock worth $9,637,000 after acquiring an additional 30,678 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Realty Income by 5.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 595,033 shares of the real estate investment trust’s stock worth $37,737,000 after purchasing an additional 33,043 shares during the period. CreativeOne Wealth LLC lifted its position in Realty Income by 71.9% during the 3rd quarter. CreativeOne Wealth LLC now owns 29,529 shares of the real estate investment trust’s stock worth $1,873,000 after buying an additional 12,351 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in shares of Realty Income by 4.3% in the 3rd quarter. Glenmede Trust Co. NA now owns 20,391 shares of the real estate investment trust’s stock valued at $1,293,000 after purchasing an additional 837 shares during the period. Finally, Townsquare Capital LLC raised its holdings in shares of Realty Income by 7.1% in the 3rd quarter. Townsquare Capital LLC now owns 97,284 shares of the real estate investment trust’s stock valued at $6,170,000 after purchasing an additional 6,454 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the sale, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The trade was a 6.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

Shares of O stock opened at $58.32 on Friday. The firm has a market cap of $51.04 billion, a price-to-earnings ratio of 55.54, a P/E/G ratio of 4.10 and a beta of 0.99. 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 Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The firm’s 50-day simple moving average is $60.44 and its two-hundred day simple moving average is $58.15.

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

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a $0.2635 dividend. This is a positive change from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.16 annualized dividend and a yield of 5.42%. Realty Income’s payout ratio is currently 300.96%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on O shares. JPMorgan Chase & Co. upped their price target on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, September 3rd. Mizuho lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $64.00 to $60.00 in a research report on Thursday, November 14th. Royal Bank of Canada dropped their price objective on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Finally, UBS Group lowered 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 note on Thursday, November 14th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $63.85.

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.