Chevy Chase Trust Holdings LLC Trims Holdings in Realty Income Co. (NYSE:O)

Chevy Chase Trust Holdings LLC decreased its holdings in Realty Income Co. (NYSE:O) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 459,620 shares of the real estate investment trust’s stock after selling 9,013 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Realty Income were worth $24,548,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of O. Global Retirement Partners LLC raised its position in Realty Income by 17.1% during the 3rd quarter. Global Retirement Partners LLC now owns 20,688 shares of the real estate investment trust’s stock worth $1,312,000 after buying an additional 3,021 shares during the last quarter. V Square Quantitative Management LLC raised its position in Realty Income by 9.7% during the 3rd quarter. V Square Quantitative Management LLC now owns 16,287 shares of the real estate investment trust’s stock worth $1,033,000 after buying an additional 1,438 shares during the last quarter. Aspiriant LLC purchased a new position in Realty Income during the 3rd quarter worth $212,000. Stratos Wealth Partners LTD. grew its stake in shares of Realty Income by 8.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 100,290 shares of the real estate investment trust’s stock worth $6,360,000 after purchasing an additional 7,446 shares during the period. Finally, Moss Adams Wealth Advisors LLC acquired a new position in shares of Realty Income during the 3rd quarter worth $218,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on O shares. Stifel Nicolaus lowered their price target 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. Mizuho lowered their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Scotiabank lowered their price target 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. UBS Group lowered their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Finally, 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. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Realty Income has an average rating of “Hold” and a consensus target price of $62.21.

Realty Income Price Performance

NYSE:O opened at $54.53 on Friday. The firm has a market cap of $47.73 billion, a price-to-earnings ratio of 51.93, 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. The company’s 50-day moving average is $53.90 and its two-hundred day moving average is $58.17. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88.

Realty Income Dividend Announcement

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

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.