Principal Securities Inc. Has $1.31 Million Position in Realty Income Co. (NYSE:O)

Principal Securities Inc. raised its holdings in Realty Income Co. (NYSE:O) by 10.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,564 shares of the real estate investment trust’s stock after acquiring an additional 2,340 shares during the quarter. Principal Securities Inc.’s holdings in Realty Income were worth $1,312,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Whittier Trust Co. lifted its holdings in Realty Income by 4.5% in the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 166 shares during the last quarter. Greenleaf Trust raised its position in shares of Realty Income by 1.0% in the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock valued at $1,072,000 after purchasing an additional 170 shares during the period. Romano Brothers AND Company lifted its stake in shares of Realty Income by 2.0% in the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 200 shares during the last quarter. Bay Rivers Group lifted its stake in shares of Realty Income by 1.0% in the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock worth $1,103,000 after buying an additional 200 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its holdings in shares of Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 211 shares during the period. 70.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $62.00 target price on shares of Realty Income in a report on Monday, January 27th. Barclays reduced their price objective on 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. Stifel Nicolaus cut their target price on shares of 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, 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. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus target price of $62.21.

Realty Income Stock Up 1.3 %

Shares of O opened at $55.18 on Wednesday. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The stock has a market cap of $48.29 billion, a price-to-earnings ratio of 52.55, a P/E/G ratio of 1.94 and a beta of 1.00. The company has a 50-day moving average price of $53.86 and a two-hundred day moving average price of $58.15. 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 Announces Dividend

The business also recently declared a feb 25 dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a $0.264 dividend. This represents a yield of 5.9%. The ex-dividend date of this dividend was Monday, February 3rd. 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.