Asset Planning Inc Purchases Shares of 36,426 Realty Income Co. (NYSE:O)

Asset Planning Inc acquired a new position in shares of Realty Income Co. (NYSE:O) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 36,426 shares of the real estate investment trust’s stock, valued at approximately $1,945,000. Realty Income makes up about 1.5% of Asset Planning Inc’s investment portfolio, making the stock its 14th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Parnassus Investments LLC boosted 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 worth $1,550,506,000 after purchasing an additional 1,676,293 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Realty Income by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock worth $1,445,036,000 after acquiring an additional 242,786 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after acquiring an additional 463,286 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of 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 acquiring an additional 6,673,617 shares during the last quarter. Finally, Raymond James & Associates increased its stake in Realty Income by 92.4% in 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 last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 1.6 %

Shares of NYSE:O opened at $54.95 on Friday. The firm has a fifty day moving average price of $53.95 and a two-hundred day moving average price of $58.22. 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 one year low of $50.65 and a one year high of $64.88. The company has a market cap of $48.09 billion, a price-to-earnings ratio of 52.33, a PEG ratio of 1.94 and a beta of 1.00.

Realty Income Announces Dividend

The business also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.264 per share. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. Realty Income’s dividend payout ratio (DPR) is currently 301.91%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $62.00 price objective on shares of Realty Income in a research note on Monday, January 27th. Barclays decreased their price target on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Stifel Nicolaus decreased 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 note on Wednesday, January 8th. UBS Group decreased their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Finally, Scotiabank cut their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.21.

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.