Allworth Financial LP Has $14.49 Million Stock Position in Realty Income Co. (NYSE:O)

Allworth Financial LP lifted its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 56.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 268,512 shares of the real estate investment trust's stock after acquiring an additional 96,823 shares during the period. Allworth Financial LP's holdings in Realty Income were worth $14,489,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Whittier Trust Co. lifted its stake in Realty Income by 4.5% during the third quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust's stock worth $245,000 after purchasing an additional 166 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of 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 lifted its holdings in shares of 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 worth $599,000 after purchasing an additional 176 shares during the period. Romano Brothers AND Company raised its position in Realty Income by 2.0% in the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust's stock worth $544,000 after acquiring an additional 200 shares in the last quarter. Finally, Bay Rivers Group raised its position in Realty Income by 1.0% in the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust's stock worth $1,103,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Mizuho decreased their price target on Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus decreased their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price target on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $62.00 price target on shares of Realty Income in a research note on Monday, January 27th. Finally, 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. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $62.21.

Realty Income Stock Up 1.5 %

NYSE O traded up $0.84 on Thursday, reaching $56.51. The stock had a trading volume of 5,216,260 shares, compared to its average volume of 4,614,291. The business has a 50 day moving average price of $53.85 and a 200 day moving average price of $58.10. 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 Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The company has a market capitalization of $49.46 billion, a price-to-earnings ratio of 53.82, a P/E/G ratio of 1.98 and a beta of 1.00.

Realty Income Increases Dividend

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