Golden State Wealth Management LLC Buys Shares of 7,497 Realty Income Co. (NYSE:O)

Golden State Wealth Management LLC purchased a new position in Realty Income Co. (NYSE:O) in the fourth quarter, Holdings Channel.com reports. The firm purchased 7,497 shares of the real estate investment trust’s stock, valued at approximately $400,000.

Other hedge funds have also recently made changes to their positions in the company. Rosenberg Matthew Hamilton boosted its position in Realty Income by 75.4% in 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. Creative Capital Management Investments LLC increased its position in shares of Realty Income by 133.3% during the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 300 shares during the last quarter. ST Germain D J Co. Inc. lifted its stake 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 purchasing an additional 567 shares during the period. Luken Investment Analytics LLC purchased a new position in shares of Realty Income in the fourth quarter worth approximately $40,000. Finally, Independence Bank of Kentucky grew its position in Realty Income by 54.5% during the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 300 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on O. UBS Group decreased their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Stifel Nicolaus decreased their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 price target on shares of Realty Income in a report on Monday, January 27th. Barclays decreased 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. Finally, Mizuho cut their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Twelve 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 company has an average rating of “Hold” and a consensus target price of $61.81.

Realty Income Trading Down 0.3 %

Realty Income stock opened at $54.14 on Friday. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The firm’s 50 day moving average price is $54.16 and its 200-day moving average price is $58.31. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $47.38 billion, a P/E ratio of 51.56, a PEG ratio of 1.96 and a beta of 1.00.

Realty Income Dividend Announcement

The business also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $0.264 dividend. This represents a yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s payout ratio is currently 301.91%.

About Realty Income

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.