W.G. Shaheen & Associates DBA Whitney & Co Cuts Stock Position in Realty Income Co. (NYSE:O)

W.G. Shaheen & Associates DBA Whitney & Co cut its position in Realty Income Co. (NYSE:O) by 15.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,750 shares of the real estate investment trust’s stock after selling 1,026 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Realty Income were worth $307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Rosenberg Matthew Hamilton lifted its position in shares of Realty Income by 75.4% during the 3rd 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 grew its stake in shares of Realty Income by 133.3% in 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. Sierra Ocean LLC acquired a new position in Realty Income in the 4th quarter valued at $32,000. Luken Investment Analytics LLC purchased a new stake in Realty Income in the 4th quarter valued at approximately $40,000. Finally, ST Germain D J Co. Inc. grew its holdings in Realty Income by 306.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 567 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Up 1.1 %

O stock opened at $57.14 on Monday. The business’s 50-day simple moving average is $53.92 and its 200 day simple moving average is $58.05. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The company has a market cap of $50.01 billion, a PE ratio of 54.41, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income Increases Dividend

The business also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.268 dividend. This represents a yield of 5.7%. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income’s dividend payout ratio is 305.71%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on O shares. Stifel Nicolaus dropped their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 price objective on shares of Realty Income in a research note on Monday, January 27th. UBS Group cut their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Finally, Barclays decreased their target price on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus target price of $62.21.

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.