Strategic Financial Concepts LLC Invests $669,000 in Realty Income Co. (NYSE:O)

Strategic Financial Concepts LLC purchased a new stake in Realty Income Co. (NYSE:O - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,531 shares of the real estate investment trust's stock, valued at approximately $669,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Vermont lifted its holdings in Realty Income by 12.7% in the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock worth $13,540,000 after purchasing an additional 28,480 shares during the last quarter. Atlanta Consulting Group Advisors LLC acquired a new stake in Realty Income in the 3rd quarter worth approximately $896,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Realty Income by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust's stock worth $617,028,000 after buying an additional 463,286 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Realty Income by 6.0% during the fourth 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 buying an additional 101,184 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Realty Income by 1.4% during the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust's stock worth $163,921,000 after buying an additional 35,100 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Price Performance

NYSE:O traded up $0.20 during trading hours on Friday, reaching $56.72. The company had a trading volume of 3,673,563 shares, compared to its average volume of 4,581,079. The stock has a 50-day moving average of $53.88 and a two-hundred day moving average of $58.09. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The firm has a market capitalization of $49.64 billion, a PE ratio of 53.99, a PEG ratio of 2.06 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

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 $0.268 dividend. This represents a yield of 5.7%. This is a boost 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 dividend payout ratio is 301.91%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on O. UBS Group cut their price target on Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, November 14th. Stifel Nicolaus cut their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They set a "hold" rating and a $62.00 price target for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $62.00 price target on shares of Realty Income in a report on Monday, January 27th. Finally, Mizuho cut their price target on Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $62.21.

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.