Gladstone Institutional Advisory LLC cut its stake in Realty Income Co. (NYSE:O - Free Report) by 16.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,113 shares of the real estate investment trust's stock after selling 7,157 shares during the quarter. Gladstone Institutional Advisory LLC's holdings in Realty Income were worth $1,929,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of O. MeadowBrook Investment Advisors LLC increased its holdings in Realty Income by 20.2% in the 4th quarter. MeadowBrook Investment Advisors LLC now owns 5,910 shares of the real estate investment trust's stock worth $316,000 after acquiring an additional 995 shares in the last quarter. Certuity LLC increased its stake in shares of Realty Income by 28.4% during the fourth quarter. Certuity LLC now owns 7,772 shares of the real estate investment trust's stock worth $415,000 after purchasing an additional 1,721 shares in the last quarter. Quent Capital LLC raised its position in shares of Realty Income by 21.8% during the 4th quarter. Quent Capital LLC now owns 1,725 shares of the real estate investment trust's stock worth $92,000 after purchasing an additional 309 shares during the last quarter. Edmp Inc. raised its position in shares of Realty Income by 45.4% during the 4th quarter. Edmp Inc. now owns 39,297 shares of the real estate investment trust's stock worth $2,099,000 after purchasing an additional 12,279 shares during the last quarter. Finally, Sovran Advisors LLC purchased a new position in Realty Income in the 4th quarter valued at about $1,069,000. Hedge funds and other institutional investors own 70.81% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on O. Royal Bank of Canada reissued an "outperform" rating and set a $62.00 target price on shares of Realty Income in a report on Monday, January 27th. Scotiabank reduced their price objective on Realty Income from $61.00 to $59.00 and set a "sector perform" rating for the company in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a "hold" rating and a $62.00 target price on the stock. UBS Group reduced 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 report on Thursday, November 14th. Finally, Mizuho lowered 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 report on Wednesday, January 8th. Ten research 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, the stock has a consensus rating of "Hold" and an average price target of $62.21.
Get Our Latest Research Report on O
Realty Income Stock Down 0.7 %
Shares of NYSE O traded down $0.39 during midday trading on Friday, hitting $54.53. The company's stock had a trading volume of 3,720,348 shares, compared to its average volume of 4,456,966. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The business's fifty day simple moving average is $53.90 and its two-hundred day simple moving average is $58.17. The firm has a market capitalization of $47.73 billion, a price-to-earnings ratio of 51.93, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.
Realty Income Dividend Announcement
The firm also recently declared a feb 25 dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a $0.264 dividend. The ex-dividend date was Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income's dividend payout ratio (DPR) is 301.91%.
About Realty Income
(
Free Report)
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.
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