Pasadena Private Wealth LLC Boosts Stock Holdings in Realty Income Co. (NYSE:O)

Pasadena Private Wealth LLC increased its position in shares of Realty Income Co. (NYSE:O) by 28.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,815 shares of the real estate investment trust’s stock after buying an additional 4,578 shares during the period. Pasadena Private Wealth LLC’s holdings in Realty Income were worth $1,112,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in O. Global Retirement Partners LLC grew its holdings in Realty Income by 103.0% in the fourth 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. Atlas Legacy Advisors LLC purchased a new position in shares of Realty Income during the 4th quarter valued at approximately $279,000. Atria Wealth Solutions Inc. grew its stake in Realty Income by 10.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 186,543 shares of the real estate investment trust’s stock valued at $9,963,000 after acquiring an additional 17,164 shares during the period. D.A. Davidson & CO. increased its holdings in Realty Income by 6.9% in the 4th quarter. D.A. Davidson & CO. now owns 243,659 shares of the real estate investment trust’s stock worth $13,014,000 after acquiring an additional 15,786 shares in the last quarter. Finally, Truist Financial Corp raised its position in Realty Income by 8.9% during the fourth quarter. Truist Financial Corp now owns 929,901 shares of the real estate investment trust’s stock worth $49,666,000 after acquiring an additional 76,229 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE O opened at $55.18 on Wednesday. The firm has a market capitalization of $48.29 billion, a PE ratio of 52.55, a P/E/G ratio of 1.95 and a beta of 1.00. The business’s fifty day moving average price is $53.86 and its two-hundred day moving average price is $58.15. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income Dividend Announcement

The company also recently announced a feb 25 dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a dividend of $0.264 per share. The ex-dividend date was Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s payout ratio is 301.91%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on O shares. Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 price objective on shares of Realty Income in a research note on Monday, January 27th. Mizuho reduced their price objective 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. UBS Group dropped their price objective 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. Stifel Nicolaus decreased their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Scotiabank cut their price target on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and an average target price of $62.21.

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.