74,245 Shares in Realty Income Co. (NYSE:O) Purchased by LMG Wealth Partners LLC

LMG Wealth Partners LLC purchased a new position in Realty Income Co. (NYSE:O - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 74,245 shares of the real estate investment trust's stock, valued at approximately $3,965,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of O. Rosenberg Matthew Hamilton increased its position in shares of Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 211 shares during the period. Sierra Ocean LLC bought a new position in Realty Income in the fourth quarter worth approximately $32,000. Creative Capital Management Investments LLC increased its holdings 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 purchasing an additional 300 shares during the period. ST Germain D J Co. Inc. lifted its holdings in shares of Realty Income by 306.5% in 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 during the period. Finally, Luken Investment Analytics LLC purchased a new stake in shares of Realty Income in the 4th quarter worth $40,000. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Royal Bank of Canada restated an "outperform" rating and issued a $62.00 price objective on shares of Realty Income in a report on Monday, January 27th. Stifel Nicolaus reduced 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. Barclays cut their price objective 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. UBS Group lowered their target price on Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, November 14th. Finally, Mizuho cut their price target on Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $62.21.

Realty Income Stock Performance

Shares of NYSE O traded up $0.75 during midday trading on Friday, reaching $57.27. The company had a trading volume of 4,319,447 shares, compared to its average volume of 4,601,013. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The business's 50-day simple moving average is $53.88 and its 200 day simple moving average is $58.09. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $50.13 billion, a P/E ratio of 54.53, a P/E/G ratio of 2.06 and a beta of 1.00.

Realty Income Increases Dividend

The company also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.268 per share. This represents a yield of 5.7%. The ex-dividend date is Monday, March 3rd. This is an increase from Realty Income's previous mar 25 dividend of $0.26. Realty Income's payout ratio is presently 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.