D.A. Davidson & CO. Increases Stock Position in Realty Income Co. (NYSE:O)

D.A. Davidson & CO. grew its position in Realty Income Co. (NYSE:O - Free Report) by 6.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 243,659 shares of the real estate investment trust's stock after buying an additional 15,786 shares during the period. D.A. Davidson & CO.'s holdings in Realty Income were worth $13,014,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in O. Rosenberg Matthew Hamilton lifted its position in Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust's stock valued at $31,000 after acquiring an additional 211 shares in the last quarter. Creative Capital Management Investments LLC lifted its position in Realty Income by 133.3% during the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust's stock worth $33,000 after buying an additional 300 shares in the last quarter. Sierra Ocean LLC bought a new stake in Realty Income during the 4th quarter worth about $32,000. Luken Investment Analytics LLC bought a new stake in Realty Income during the 4th quarter worth about $40,000. Finally, ST Germain D J Co. Inc. lifted its position 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 buying an additional 567 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on O shares. Stifel Nicolaus dropped their target price on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Scotiabank dropped their target price on shares of Realty Income from $61.00 to $59.00 and set a "sector perform" rating on the stock in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price target on the stock. Mizuho decreased 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. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $62.00 price target on shares of Realty Income in a research note on Monday, January 27th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $62.21.

Realty Income Price Performance

Realty Income stock traded up $0.62 during midday trading on Friday, reaching $57.14. 7,382,843 shares of the stock were exchanged, compared to its average volume of 4,696,011. The company's fifty day moving average is $53.88 and its 200-day moving average is $58.09. 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 firm has a market cap of $50.01 billion, a PE ratio of 54.41, a PEG ratio of 2.06 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 Increases Dividend

The business also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a $0.268 dividend. This is a positive change from Realty Income's previous mar 25 dividend of $0.26. The ex-dividend date of this dividend is Monday, March 3rd. This represents a dividend yield of 5.7%. 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.