Realty Income Co. (NYSE:O) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc raised its holdings in shares of Realty Income Co. (NYSE:O) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 249,625 shares of the real estate investment trust’s stock after purchasing an additional 4,649 shares during the period. CIBC Asset Management Inc’s holdings in Realty Income were worth $13,332,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Parnassus Investments LLC increased its position in shares of 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 purchasing an additional 1,676,293 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Realty Income by 1.1% during the third quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock valued at $1,445,036,000 after buying an additional 242,786 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Realty Income by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after buying an additional 463,286 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of 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 valued at $478,556,000 after buying an additional 6,673,617 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Realty Income by 6.0% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,589,456 shares of the real estate investment trust’s stock valued at $245,123,000 after buying an additional 261,162 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Trading Up 1.3 %

O stock 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 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. The firm has a market cap of $48.29 billion, a P/E ratio of 52.55, a PEG ratio of 1.94 and a beta of 1.00.

Realty Income Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on O. Mizuho dropped 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. Stifel Nicolaus dropped their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective on the stock. Barclays dropped their price objective on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Finally, Scotiabank lowered their price target on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Realty Income has a consensus 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.