Sanctuary Advisors LLC lessened its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 224,993 shares of the real estate investment trust's stock after selling 14,649 shares during the quarter. Sanctuary Advisors LLC's holdings in Realty Income were worth $12,222,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of O. Rosenberg Matthew Hamilton lifted 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 purchasing an additional 211 shares during the last quarter. Sierra Ocean LLC bought a new position in Realty Income during the 4th quarter worth approximately $32,000. Creative Capital Management Investments LLC grew its position in shares of Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 300 shares in the last quarter. ST Germain D J Co. Inc. grew its position 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 acquiring an additional 567 shares in the last quarter. Finally, Luken Investment Analytics LLC bought a new stake in shares of Realty Income in the 4th quarter valued at approximately $40,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
O has been the subject of a number of research reports. Scotiabank decreased their price objective on shares of Realty Income from $61.00 to $59.00 and set a "sector perform" rating for the company in a report on Thursday, January 16th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $62.00 price target on shares of Realty Income in a report on Monday, January 27th. Barclays lowered their price objective on shares of Realty Income from $59.00 to $56.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. UBS Group decreased their target price on Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a research note on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research report on Wednesday, December 11th. They set a "hold" rating and a $62.00 price target on the stock. Ten investment 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 presently has a consensus rating of "Hold" and a consensus target price of $62.21.
Get Our Latest Report on O
Realty Income Stock Performance
Shares of NYSE:O traded up $0.62 on Friday, hitting $57.14. The company's stock had a trading volume of 7,382,843 shares, compared to its average volume of 4,696,011. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The stock's 50-day moving average is $53.88 and its two-hundred 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 company has a market capitalization of $50.01 billion, a price-to-earnings ratio of 54.41, a price-to-earnings-growth ratio of 2.06 and a beta of 1.00.
Realty Income Increases Dividend
The business also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.268 per share. This represents a dividend yield of 5.7%. This is an increase from Realty Income's previous mar 25 dividend of $0.26. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income's payout ratio is 301.91%.
Realty Income Company Profile
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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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