Assetmark Inc. Buys 8,127 Shares of Realty Income Co. (NYSE:O)

Assetmark Inc. lifted its holdings in Realty Income Co. (NYSE:O) by 14.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,929 shares of the real estate investment trust’s stock after acquiring an additional 8,127 shares during the period. Assetmark Inc.’s holdings in Realty Income were worth $3,414,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Parnassus Investments LLC raised its position in shares of Realty Income by 7.4% in 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 acquiring an additional 1,676,293 shares in the last quarter. Geode Capital Management LLC raised its position 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Realty Income by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,989,300 shares of the real estate investment trust’s stock valued at $533,529,000 after buying an additional 260,071 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 valued at $478,556,000 after buying an additional 6,673,617 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Realty Income by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 5,847,484 shares of the real estate investment trust’s stock valued at $312,314,000 after buying an additional 50,670 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Price Performance

Shares of NYSE O opened at $58.48 on Monday. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The stock’s 50 day moving average price is $54.73 and its 200-day moving average price is $57.83. The company has a market capitalization of $52.14 billion, a PE ratio of 55.70, a PEG ratio of 2.10 and a beta of 1.00. 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 (NYSE:O) last announced its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. On average, equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a $0.268 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s payout ratio is presently 327.55%.

Wall Street Analyst Weigh In

O has been the subject of several research reports. UBS Group reduced their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Barclays raised their target price on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th. Scotiabank reduced their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Finally, Mizuho reduced their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Eleven 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 presently has an average rating of “Hold” and a consensus price target of $62.04.

About Realty Income

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.