Peterson Wealth Services Acquires Shares of 27,411 Realty Income Co. (NYSE:O)

Peterson Wealth Services acquired a new stake in shares of Realty Income Co. (NYSE:O) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 27,411 shares of the real estate investment trust’s stock, valued at approximately $1,464,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in O. Stonebridge Financial Group LLC bought a new position in shares of Realty Income in the fourth quarter valued at about $1,910,000. Essex Financial Services Inc. raised its holdings in shares of Realty Income by 3.1% in the fourth quarter. Essex Financial Services Inc. now owns 15,588 shares of the real estate investment trust’s stock valued at $833,000 after buying an additional 471 shares during the last quarter. Focus Financial Network Inc. raised its holdings in shares of Realty Income by 10.7% in the fourth quarter. Focus Financial Network Inc. now owns 9,768 shares of the real estate investment trust’s stock valued at $522,000 after buying an additional 948 shares during the last quarter. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Realty Income by 12.8% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 11,154 shares of the real estate investment trust’s stock valued at $596,000 after buying an additional 1,263 shares during the last quarter. Finally, MBA Advisors LLC raised its holdings in shares of Realty Income by 8.0% in the fourth quarter. MBA Advisors LLC now owns 3,920 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 291 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Price Performance

Realty Income stock opened at $53.95 on Tuesday. The firm has a market capitalization of $47.22 billion, a P/E ratio of 51.39, a PEG ratio of 1.94 and a beta of 1.00. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The business has a 50-day moving average of $54.08 and a 200-day moving average of $58.30. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income Announces Dividend

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

Analyst Ratings Changes

Several brokerages have weighed in on O. UBS Group dropped 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. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 price objective on shares of Realty Income in a report on Monday, January 27th. Barclays dropped their price objective on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Mizuho dropped their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, 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 objective for the company. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $61.81.

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.