Walker Asset Management LLC Acquires 278 Shares of Realty Income Co. (NYSE:O)

Walker Asset Management LLC lifted its holdings in Realty Income Co. (NYSE:O) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,045 shares of the real estate investment trust’s stock after purchasing an additional 278 shares during the quarter. Walker Asset Management LLC’s holdings in Realty Income were worth $323,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in O. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Realty Income by 765.1% during 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 worth $478,556,000 after buying an additional 6,673,617 shares in the last quarter. Raymond James & Associates increased its position in shares of Realty Income by 92.4% in the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock valued at $410,932,000 after acquiring an additional 3,112,560 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Realty Income by 3,150.5% during the third quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust’s stock worth $175,142,000 after acquiring an additional 2,675,266 shares in the last quarter. Parnassus Investments LLC boosted its position in Realty Income by 7.4% during 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 purchasing an additional 1,676,293 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in Realty Income by 102.1% in 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 purchasing an additional 1,107,493 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Up 0.1 %

O opened at $54.62 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a fifty day moving average of $54.97 and a 200-day moving average of $58.31. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a market capitalization of $47.80 billion, a P/E ratio of 52.02, a P/E/G ratio of 1.85 and a beta of 1.00.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the firm earned $1.02 EPS. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, equities analysts expect that Realty Income Co. will post 4.19 EPS for the current 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 issued a $0.264 dividend. The ex-dividend date of this dividend 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 brokerages have recently issued reports on O. 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 objective on the stock. Deutsche Bank Aktiengesellschaft began 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 for the company. Royal Bank of Canada dropped their target price on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Scotiabank reduced their price target on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $65.00 price objective (up previously from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.12.

About Realty Income

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.