Leo Wealth LLC Buys 638 Shares of Realty Income Co. (NYSE:O)

Leo Wealth LLC lifted its stake in Realty Income Co. (NYSE:O) by 13.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,367 shares of the real estate investment trust’s stock after acquiring an additional 638 shares during the period. Leo Wealth LLC’s holdings in Realty Income were worth $287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton grew its position in shares of Realty Income by 75.4% in the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 211 shares during the last quarter. Creative Capital Management Investments LLC boosted its stake in 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 period. ST Germain D J Co. Inc. grew its holdings in 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 valued at $40,000 after buying an additional 567 shares during the last quarter. Luken Investment Analytics LLC bought a new position in Realty Income in the 4th quarter worth approximately $40,000. Finally, Independence Bank of Kentucky lifted its holdings in shares of 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 worth $45,000 after buying an additional 300 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

O has been the topic of several research analyst reports. Stifel Nicolaus lowered their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada restated an “outperform” rating and issued a $62.00 price target on shares of Realty Income in a research report on Monday, January 27th. UBS Group cut their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Scotiabank decreased their target price on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. 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. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $61.81.

Realty Income Price Performance

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

Realty Income Dividend Announcement

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