Allspring Global Investments Holdings LLC Reduces Holdings in Realty Income Co. (NYSE:O)

Allspring Global Investments Holdings LLC trimmed its stake in Realty Income Co. (NYSE:O) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,714 shares of the real estate investment trust’s stock after selling 1,856 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Realty Income were worth $2,089,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont boosted its holdings in shares of Realty Income by 12.7% in the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock valued at $13,540,000 after acquiring an additional 28,480 shares in the last quarter. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of Realty Income in the third quarter valued at about $896,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Realty Income by 5.0% in the third 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 acquiring an additional 463,286 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Realty Income by 1.4% in the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after acquiring an additional 35,100 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Realty Income by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after acquiring an additional 74,185 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Trading Up 1.1 %

Shares of O opened at $57.14 on Friday. The company has a market capitalization of $50.01 billion, a P/E ratio of 54.41, a P/E/G ratio of 2.06 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. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a 50-day moving average price of $53.88 and a 200 day moving average price of $58.09.

Realty Income Increases Dividend

The firm also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a $0.268 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a yield of 5.7%. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s dividend payout ratio is currently 301.91%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on O. Barclays lowered their target price on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Mizuho cut their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus lowered their price target 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Finally, UBS Group lowered their price target 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. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $62.21.

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.