Global Retirement Partners LLC Purchases 21,302 Shares of Realty Income Co. (NYSE:O)

Global Retirement Partners LLC boosted its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 103.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,990 shares of the real estate investment trust's stock after purchasing an additional 21,302 shares during the quarter. Global Retirement Partners LLC's holdings in Realty Income were worth $2,243,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of O. Trust Co. of Vermont increased its position in shares of Realty Income by 12.7% during 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 purchasing an additional 28,480 shares during the period. Atlanta Consulting Group Advisors LLC bought a new stake in Realty Income in the 3rd quarter valued at $896,000. Charles Schwab Investment Management Inc. raised its stake in shares of Realty Income by 5.0% in the 3rd 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 buying an additional 463,286 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Realty Income by 6.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock worth $93,850,000 after acquiring an additional 101,184 shares during the period. Finally, Swiss National Bank boosted its position in shares of Realty Income by 1.4% during the 3rd 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. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

O has been the subject of several recent research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $62.00 price target on shares of Realty Income in a research report on Monday, January 27th. Stifel Nicolaus cut their target price on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Scotiabank lowered 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. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a "hold" rating and a $62.00 price objective for the company. Finally, UBS Group lowered their target price on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Realty Income has an average rating of "Hold" and a consensus price target of $62.21.

Realty Income Trading Up 1.1 %

O traded up $0.62 during mid-day trading on Friday, reaching $57.14. The stock had a trading volume of 7,382,843 shares, compared to its average volume of 4,696,011. The firm's fifty day simple moving average is $53.88 and its two-hundred day simple moving average is $58.09. The stock 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 52 week low of $50.65 and a 52 week 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.

Realty Income Increases Dividend

The company 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. This is a boost from Realty Income's previous mar 25 dividend of $0.26. The ex-dividend date is Monday, March 3rd. This represents a yield of 5.7%. Realty Income's dividend payout ratio (DPR) is currently 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.