Global Retirement Partners LLC Has $2.24 Million Position in Realty Income Co. (NYSE:O)

Global Retirement Partners LLC boosted its position in Realty Income Co. (NYSE:O) by 103.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 41,990 shares of the real estate investment trust’s stock after purchasing an additional 21,302 shares during the quarter. Global Retirement Partners LLC’s holdings in Realty Income were worth $2,243,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in shares of Realty Income by 1.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 41,570 shares of the real estate investment trust’s stock valued at $2,636,000 after buying an additional 677 shares during the period. Whittier Trust Co. increased its stake in shares of Realty Income by 4.5% in the third quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock valued at $245,000 after buying an additional 166 shares during the period. Foundations Investment Advisors LLC increased its stake in shares of Realty Income by 25.0% in the third quarter. Foundations Investment Advisors LLC now owns 8,920 shares of the real estate investment trust’s stock valued at $566,000 after buying an additional 1,785 shares during the period. Greenleaf Trust increased its stake in shares of Realty Income by 1.0% in the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock valued at $1,072,000 after buying an additional 170 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Realty Income by 2,938.5% in the third quarter. International Assets Investment Management LLC now owns 301,572 shares of the real estate investment trust’s stock valued at $19,126,000 after buying an additional 291,647 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on O shares. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Scotiabank decreased their target price on 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. Mizuho decreased their target price 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. Barclays decreased their target price on 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.21.

Realty Income Stock Up 1.5 %

Shares of NYSE:O opened at $56.51 on Friday. The business’s 50 day simple moving average is $53.85 and its two-hundred day simple moving average is $58.10. The firm has a market cap of $49.46 billion, a P/E ratio of 53.82, a PEG ratio of 1.98 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88.

Realty Income Increases Dividend

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