Pasadena Private Wealth LLC Acquires 4,578 Shares of Realty Income Co. (NYSE:O)

Pasadena Private Wealth LLC lifted its stake in Realty Income Co. (NYSE:O) by 28.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,815 shares of the real estate investment trust’s stock after acquiring an additional 4,578 shares during the period. Pasadena Private Wealth LLC’s holdings in Realty Income were worth $1,112,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Rosenberg Matthew Hamilton raised its stake in Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 211 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of Realty Income during the fourth quarter valued at $32,000. Creative Capital Management Investments LLC boosted its stake in shares of Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 300 shares during the last quarter. ST Germain D J Co. Inc. grew its holdings in Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 567 shares during the period. Finally, Luken Investment Analytics LLC bought a new stake in Realty Income in the fourth quarter valued at about $40,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Trading Up 1.3 %

O opened at $55.18 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The business has a 50 day simple moving average of $53.86 and a two-hundred day simple moving average of $58.15. The firm has a market capitalization of $48.29 billion, a price-to-earnings ratio of 52.55, a PEG ratio of 1.95 and a beta of 1.00. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88.

Realty Income Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on O shares. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Scotiabank cut 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 report on Thursday, January 16th. UBS Group decreased their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Mizuho dropped their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays cut their target price on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.