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

Kingsview Wealth Management LLC increased its position in shares of Realty Income Co. (NYSE:O) by 17.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 97,806 shares of the real estate investment trust’s stock after buying an additional 14,232 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Realty Income were worth $5,224,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in O. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in 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 during the period. Raymond James & Associates raised its stake in shares of Realty Income by 92.4% in the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock worth $410,932,000 after purchasing an additional 3,112,560 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Realty Income by 3,150.5% in the third quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust’s stock worth $175,142,000 after purchasing an additional 2,675,266 shares during the last quarter. Parnassus Investments LLC raised its stake in shares of Realty Income by 7.4% in the third 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 during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Realty Income by 102.1% in the third quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust’s stock worth $137,502,000 after purchasing an additional 1,107,493 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

Shares of NYSE O opened at $54.14 on Friday. The stock has a fifty day simple moving average of $54.08 and a two-hundred day simple moving average of $58.29. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The firm has a market cap of $47.38 billion, a price-to-earnings 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 company also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.264 per share. This represents a yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. Realty Income’s dividend payout ratio (DPR) is 301.91%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on O. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 price objective on shares of Realty Income in a research note on Monday, January 27th. Scotiabank decreased their price target on 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. Mizuho decreased their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Finally, UBS Group decreased their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Realty Income has an average rating of “Hold” and a consensus price target 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.