Sovran Advisors LLC Makes New Investment in Realty Income Co. (NYSE:O)

Sovran Advisors LLC purchased a new stake in Realty Income Co. (NYSE:O) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 20,112 shares of the real estate investment trust’s stock, valued at approximately $1,069,000.

A number of other institutional investors have also recently modified their holdings of the business. Trust Co. of Vermont increased its holdings in Realty Income by 12.7% in the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock valued at $13,540,000 after buying an additional 28,480 shares in the last quarter. Atlanta Consulting Group Advisors LLC purchased a new position in Realty Income in the 3rd quarter valued at approximately $896,000. Charles Schwab Investment Management Inc. raised its holdings in Realty Income by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after purchasing an additional 463,286 shares during the last quarter. Swiss National Bank boosted its position in Realty Income by 1.4% during the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock worth $163,921,000 after purchasing an additional 35,100 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Realty Income by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after purchasing an additional 74,185 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Up 0.7 %

Shares of NYSE:O opened at $54.33 on Wednesday. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The stock’s 50-day moving average price is $54.03 and its two-hundred day moving average price is $58.27. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market cap of $47.55 billion, a price-to-earnings ratio of 51.75, a PEG ratio of 1.94 and a beta of 1.00.

Realty Income Announces Dividend

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

Analyst Upgrades and Downgrades

O has been the subject of several research reports. Stifel Nicolaus cut their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Barclays reduced their price target on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Scotiabank dropped their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. UBS Group reduced their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 target price on shares of Realty Income in a report on Monday, January 27th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $61.81.

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.