D.A. Davidson & CO. Buys 15,786 Shares of Realty Income Co. (NYSE:O)

D.A. Davidson & CO. increased its stake in shares of Realty Income Co. (NYSE:O) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 243,659 shares of the real estate investment trust’s stock after acquiring an additional 15,786 shares during the quarter. D.A. Davidson & CO.’s holdings in Realty Income were worth $13,014,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 valued at $478,556,000 after purchasing an additional 6,673,617 shares in the last quarter. Janus Henderson Group PLC raised its stake 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 valued at $175,142,000 after purchasing an additional 2,675,266 shares in the last quarter. Parnassus Investments LLC raised its stake 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 valued at $1,550,506,000 after purchasing an additional 1,676,293 shares in the last quarter. Bank of Montreal Can raised its stake 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 valued at $137,502,000 after purchasing an additional 1,107,493 shares in the last quarter. Finally, KBC Group NV raised its stake 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 valued at $39,552,000 after purchasing an additional 496,796 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 1.3 %

O stock opened at $55.18 on Wednesday. The company has a market capitalization of $48.29 billion, a PE ratio of 52.55, a P/E/G ratio of 1.94 and a beta of 1.00. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The firm’s 50-day moving average is $53.86 and its 200 day moving average is $58.15. 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 Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on O shares. Barclays decreased their price target on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Scotiabank reduced their target price on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Stifel Nicolaus reduced their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $62.21.

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.