Livforsakringsbolaget Skandia Omsesidigt Lowers Stake in Realty Income Co. (NYSE:O)

Livforsakringsbolaget Skandia Omsesidigt reduced its position in shares of Realty Income Co. (NYSE:O) by 24.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,482 shares of the real estate investment trust’s stock after selling 800 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Realty Income were worth $133,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Realty Income by 4.5% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 277,922 shares of the real estate investment trust’s stock worth $14,844,000 after purchasing an additional 11,954 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Realty Income by 6.0% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,589,456 shares of the real estate investment trust’s stock worth $245,123,000 after buying an additional 261,162 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Realty Income during the fourth quarter worth $669,000. Leo Wealth LLC lifted its holdings in shares of Realty Income by 13.5% in the 4th quarter. Leo Wealth LLC now owns 5,367 shares of the real estate investment trust’s stock valued at $287,000 after buying an additional 638 shares during the period. Finally, Consolidated Portfolio Review Corp lifted its holdings in Realty Income by 439.2% in the fourth quarter. Consolidated Portfolio Review Corp now owns 68,151 shares of the real estate investment trust’s stock valued at $3,640,000 after acquiring an additional 55,511 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of NYSE:O opened at $54.14 on Friday. 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 1 year low of $50.65 and a 1 year high of $64.88. The firm has a market capitalization of $47.38 billion, a PE ratio of 51.56, a P/E/G ratio of 1.96 and a beta of 1.00. The business’s 50 day moving average price is $54.16 and its 200-day moving average price is $58.31.

Realty Income Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price on shares of Realty Income in a report on Monday, January 27th. Scotiabank decreased 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 research report on Thursday, January 16th. Stifel Nicolaus lowered 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. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Finally, UBS Group lowered their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $61.81.

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.