Sanctuary Advisors LLC Has $12.22 Million Stock Position in Realty Income Co. (NYSE:O)

Sanctuary Advisors LLC reduced its position in Realty Income Co. (NYSE:O) by 6.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 224,993 shares of the real estate investment trust’s stock after selling 14,649 shares during the period. Sanctuary Advisors LLC’s holdings in Realty Income were worth $12,222,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Realty Income by 765.1% during the third 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 acquiring an additional 6,673,617 shares during the last quarter. Janus Henderson Group PLC lifted its position 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 during the last quarter. Parnassus Investments LLC lifted 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 worth $1,550,506,000 after acquiring an additional 1,676,293 shares during the last quarter. Bank of Montreal Can lifted its position in Realty Income by 102.1% during the third quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust’s stock worth $137,502,000 after acquiring an additional 1,107,493 shares during the last quarter. Finally, KBC Group NV lifted its position in Realty Income by 391.6% during the third quarter. KBC Group NV now owns 623,658 shares of the real estate investment trust’s stock worth $39,552,000 after acquiring an additional 496,796 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. UBS Group cut their price objective 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. Barclays cut their price objective on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Royal Bank of Canada restated an “outperform” rating and set a $62.00 price objective on shares of Realty Income in a research report on Monday, January 27th. Mizuho dropped their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus dropped their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Realty Income has an average rating of “Hold” and an average price target of $62.21.

Realty Income Stock Performance

Shares of NYSE:O opened at $55.18 on Wednesday. The company’s 50 day simple moving average is $53.86 and its 200 day simple moving average is $58.15. The stock has a market capitalization of $48.29 billion, a price-to-earnings ratio of 52.55, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00. 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 Co. has a 1 year low of $50.65 and a 1 year high of $64.88.

Realty Income Announces Dividend

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

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.