Pathway Financial Advisers LLC Purchases 1,290 Shares of Realty Income Co. (NYSE:O)

Pathway Financial Advisers LLC lifted its position in Realty Income Co. (NYSE:O) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,318 shares of the real estate investment trust’s stock after purchasing an additional 1,290 shares during the period. Realty Income comprises 1.6% of Pathway Financial Advisers LLC’s portfolio, making the stock its 14th largest holding. Pathway Financial Advisers LLC’s holdings in Realty Income were worth $4,770,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Trust Co. of Vermont lifted its holdings in Realty Income by 12.7% in the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after purchasing an additional 28,480 shares in the last quarter. Atlanta Consulting Group Advisors LLC bought a new stake in shares of Realty Income during the third quarter valued at approximately $896,000. Charles Schwab Investment Management Inc. lifted 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 worth $617,028,000 after buying an additional 463,286 shares in the last quarter. Swiss National Bank lifted 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 worth $163,921,000 after buying an additional 35,100 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Realty Income by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock worth $138,937,000 after acquiring an additional 74,185 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Barclays dropped their price target on 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Scotiabank reduced 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. Stifel Nicolaus lowered their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Mizuho reduced their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $61.81.

Realty Income Price Performance

O opened at $54.10 on Thursday. The business has a fifty day moving average of $53.95 and a 200 day moving average of $58.22. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $47.35 billion, a P/E ratio of 51.52, a PEG ratio of 1.94 and a beta of 1.00. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88.

Realty Income Dividend Announcement

The business also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $0.264 dividend. The ex-dividend date is Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s dividend 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.