Manchester Capital Management LLC Cuts Stake in Realty Income Co. (NYSE:O)

Manchester Capital Management LLC decreased its holdings in Realty Income Co. (NYSE:O) by 28.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,459 shares of the real estate investment trust’s stock after selling 589 shares during the period. Manchester Capital Management LLC’s holdings in Realty Income were worth $78,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in O. Parnassus Investments LLC boosted its position in 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 valued at $1,550,506,000 after buying an additional 1,676,293 shares during the period. Geode Capital Management LLC boosted its position in 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 valued at $1,445,036,000 after buying an additional 242,786 shares during the period. Charles Schwab Investment Management Inc. boosted its position in 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 valued at $617,028,000 after buying an additional 463,286 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 valued at $478,556,000 after buying an additional 6,673,617 shares during the period. Finally, Raymond James & Associates boosted its position in 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 valued at $410,932,000 after buying an additional 3,112,560 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 0.7 %

NYSE:O opened at $54.53 on Friday. The firm has a market cap of $47.73 billion, a P/E ratio of 51.93, a P/E/G ratio of 1.94 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The firm has a 50-day simple moving average of $53.90 and a two-hundred day simple moving average of $58.17.

Realty Income Announces Dividend

The company also recently disclosed a feb 25 dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.264 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s dividend payout ratio is currently 301.91%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on O shares. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 price target on shares of Realty Income in a research report on Monday, January 27th. UBS Group decreased their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus decreased their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.