Truist Financial Corp Purchases 76,229 Shares of Realty Income Co. (NYSE:O)

Truist Financial Corp boosted its holdings in Realty Income Co. (NYSE:O - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 929,901 shares of the real estate investment trust's stock after purchasing an additional 76,229 shares during the quarter. Truist Financial Corp owned about 0.11% of Realty Income worth $49,666,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wealth Quarterback LLC increased its stake in Realty Income by 14.6% in the fourth quarter. Wealth Quarterback LLC now owns 3,975 shares of the real estate investment trust's stock valued at $212,000 after purchasing an additional 505 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Realty Income by 1.9% in the 4th quarter. CIBC Asset Management Inc now owns 249,625 shares of the real estate investment trust's stock valued at $13,332,000 after buying an additional 4,649 shares during the period. Principal Financial Group Inc. increased its position in Realty Income by 0.8% in the 4th quarter. Principal Financial Group Inc. now owns 2,208,528 shares of the real estate investment trust's stock valued at $117,958,000 after buying an additional 17,789 shares in the last quarter. Sierra Ocean LLC acquired a new position in Realty Income during the 4th quarter worth approximately $32,000. Finally, Tcfg Wealth Management LLC boosted its holdings in Realty Income by 2.9% in the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust's stock worth $357,000 after acquiring an additional 186 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on O. UBS Group decreased their price objective on Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a report on Thursday, November 14th. Barclays decreased their price target on shares of Realty Income from $59.00 to $56.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $62.00 price objective on shares of Realty Income in a research note on Monday, January 27th. Scotiabank decreased their target price on shares of Realty Income from $61.00 to $59.00 and set a "sector perform" rating for the company in a research report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $62.21.

Realty Income Stock Performance

Shares of Realty Income stock traded up $0.62 during mid-day trading on Friday, hitting $57.14. 7,382,843 shares of the stock were exchanged, compared to its average volume of 4,696,011. The company has a market capitalization of $50.01 billion, a P/E ratio of 54.41, a P/E/G ratio of 2.06 and a beta of 1.00. 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 50-day simple moving average of $53.88 and a 200 day simple moving average of $58.09. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, March 3rd. This represents a yield of 5.7%. This is a boost from Realty Income's previous mar 25 dividend of $0.26. Realty Income's payout ratio is currently 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.