Kingsview Wealth Management LLC Has $5.22 Million Stock Holdings in Realty Income Co. (NYSE:O)

Kingsview Wealth Management LLC raised its stake in Realty Income Co. (NYSE:O) by 17.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,806 shares of the real estate investment trust’s stock after acquiring an additional 14,232 shares during the period. Kingsview Wealth Management LLC’s holdings in Realty Income were worth $5,224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parnassus Investments LLC raised its holdings 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 buying 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% during 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 buying an additional 242,786 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Realty Income by 5.0% during 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 buying an additional 463,286 shares in 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% during 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 buying an additional 6,673,617 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of Realty Income by 92.4% during the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock worth $410,932,000 after buying an additional 3,112,560 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Trading Down 0.3 %

NYSE O opened at $54.14 on Friday. The business’s 50-day moving average price is $54.08 and its two-hundred day moving average price is $58.29. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The firm has a market capitalization of $47.38 billion, a PE ratio of 51.56, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Stifel Nicolaus lowered their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Scotiabank lowered their target price on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. UBS Group lowered their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Barclays lowered their target price on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and an average target price of $61.81.

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.