Bartlett & CO. Wealth Management LLC Grows Stock Holdings in Realty Income Co. (NYSE:O)

Bartlett & CO. Wealth Management LLC grew its holdings in Realty Income Co. (NYSE:O) by 18.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,962 shares of the real estate investment trust’s stock after purchasing an additional 462 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Realty Income were worth $158,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of O. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in 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 worth $478,556,000 after purchasing an additional 6,673,617 shares in the last quarter. Raymond James & Associates raised its position in shares of Realty Income by 92.4% during the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock valued at $410,932,000 after buying an additional 3,112,560 shares during the period. Janus Henderson Group PLC raised its position in shares of Realty Income by 3,150.5% during the 3rd quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust’s stock valued at $175,142,000 after buying an additional 2,675,266 shares during the period. Parnassus Investments LLC raised its position in shares of 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 buying an additional 1,676,293 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Realty Income by 102.1% during the 3rd 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 buying an additional 1,107,493 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Performance

NYSE:O opened at $54.35 on Friday. The company has a fifty day simple moving average of $54.72 and a two-hundred day simple moving average of $58.38. The company has a market cap of $47.57 billion, a price-to-earnings ratio of 51.77, a price-to-earnings-growth ratio of 1.93 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88.

Realty Income (NYSE:O) last posted its quarterly earnings results 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 business had revenue of $1.33 billion during the quarter, compared to analyst estimates 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 quarter last year, the firm earned $1.02 EPS. As a group, equities analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $0.264 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is 300.95%.

Wall Street Analyst Weigh In

Several analysts have recently commented on O shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. Mizuho reduced their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada reduced their price target on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 6th. Barclays began coverage on shares of Realty Income in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 price target 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 report on Thursday, November 14th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and a consensus target price of $62.12.

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.