WealthPLAN Partners LLC Sells 10,366 Shares of Realty Income Co. (NYSE:O)

WealthPLAN Partners LLC lessened its stake in Realty Income Co. (NYSE:O - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 82,891 shares of the real estate investment trust's stock after selling 10,366 shares during the period. WealthPLAN Partners LLC's holdings in Realty Income were worth $4,427,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of O. CX Institutional bought a new stake in Realty Income in the 3rd quarter worth $218,000. Global Retirement Partners LLC grew its stake in shares of Realty Income by 17.1% in the third quarter. Global Retirement Partners LLC now owns 20,688 shares of the real estate investment trust's stock worth $1,312,000 after purchasing an additional 3,021 shares during the last quarter. Teamwork Financial Advisors LLC purchased a new position in Realty Income during the 3rd quarter valued at about $1,369,000. Trust Co. of Vermont raised its position in Realty Income by 4.2% during the 3rd quarter. Trust Co. of Vermont now owns 225,023 shares of the real estate investment trust's stock valued at $14,271,000 after purchasing an additional 9,064 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Realty Income by 6.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 265,968 shares of the real estate investment trust's stock worth $16,868,000 after buying an additional 15,775 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on O. 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 report on Thursday, November 14th. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Scotiabank cut their target price on shares of Realty Income from $61.00 to $59.00 and set a "sector perform" rating on the stock in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price target for the company. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $62.00 price objective on shares of Realty Income in a research report on Monday, January 27th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $62.21.

Realty Income Stock Up 1.3 %

Shares of O stock traded up $0.69 during trading hours on Tuesday, hitting $55.18. 3,807,259 shares of the company's stock traded hands, compared to its average volume of 4,610,587. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $48.29 billion, a price-to-earnings ratio of 52.55, a PEG ratio of 1.94 and a beta of 1.00. The stock's fifty day simple moving average is $53.86 and its two-hundred day simple moving average is $58.15. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88.

Realty Income Dividend Announcement

The business also recently disclosed a feb 25 dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.264 per share. This represents a yield of 5.9%. The ex-dividend date of this dividend was Monday, February 3rd. Realty Income's payout ratio is 301.91%.

Realty Income Company 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.