Center for Financial Planning Inc. Has $283,000 Position in Realty Income Co. (NYSE:O)

Center for Financial Planning Inc. increased its position in shares of Realty Income Co. (NYSE:O - Free Report) by 812.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,291 shares of the real estate investment trust's stock after buying an additional 4,711 shares during the quarter. Center for Financial Planning Inc.'s holdings in Realty Income were worth $283,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. raised its stake in shares of Realty Income by 4.5% in the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust's stock valued at $245,000 after buying an additional 166 shares in the last quarter. Greenleaf Trust lifted its stake in Realty Income by 1.0% during the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust's stock worth $1,072,000 after purchasing an additional 170 shares during the period. Buckley Wealth Management LLC boosted its holdings in Realty Income by 1.9% during the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust's stock valued at $599,000 after purchasing an additional 176 shares in the last quarter. Romano Brothers AND Company grew its stake in shares of Realty Income by 2.0% in the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust's stock valued at $544,000 after purchasing an additional 200 shares during the period. Finally, Bay Rivers Group raised its holdings in shares of Realty Income by 1.0% in the 4th quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust's stock worth $1,103,000 after buying an additional 200 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on O. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a "hold" rating and a $62.00 target price for the company. UBS Group cut 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. Scotiabank decreased their price target on 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. Barclays reduced their price objective on Realty Income from $59.00 to $56.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $62.00 price target on shares of Realty Income in a report on Monday, January 27th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Realty Income has a consensus rating of "Hold" and an average target price of $62.21.

Realty Income Trading Up 1.3 %

Shares of NYSE:O traded up $0.69 during trading on Tuesday, hitting $55.18. 3,807,259 shares of the company's stock were exchanged, compared to its average volume of 4,610,587. The firm has a 50-day moving average price of $53.86 and a two-hundred day moving average price of $58.15. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The firm has a market cap of $48.29 billion, a P/E ratio of 52.55, a PEG 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.

Realty Income Dividend Announcement

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

Realty Income 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.