Vest Financial LLC Buys 40,860 Shares of Realty Income Co. (NYSE:O)

Vest Financial LLC grew its position in Realty Income Co. (NYSE:O) by 4.8% in the fourth quarter, Holdings Channel reports. The fund owned 896,521 shares of the real estate investment trust’s stock after acquiring an additional 40,860 shares during the quarter. Vest Financial LLC’s holdings in Realty Income were worth $47,883,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Rosenberg Matthew Hamilton raised its stake in shares of Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 211 shares during the last quarter. Creative Capital Management Investments LLC raised its position 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 worth $33,000 after purchasing an additional 300 shares during the last quarter. ST Germain D J Co. Inc. lifted its holdings in Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 567 shares during the period. Luken Investment Analytics LLC bought a new stake in shares of Realty Income in the 4th quarter valued at about $40,000. Finally, Independence Bank of Kentucky increased its stake in shares of Realty Income by 54.5% in the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Down 0.3 %

Shares of Realty Income stock opened at $54.14 on Friday. The stock has a fifty day simple moving average of $54.16 and a 200 day simple moving average of $58.31. The company has a market capitalization of $47.38 billion, a P/E ratio of 51.56, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00. 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 Co. has a 12-month low of $50.65 and a 12-month high of $64.88.

Realty Income Announces Dividend

The firm 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 dividend yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s payout ratio is 301.91%.

Analysts Set New Price Targets

A number of equities analysts recently commented on O shares. Mizuho cut their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Barclays dropped 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 research report on Tuesday. 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 objective for the company. Stifel Nicolaus dropped their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, 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. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average target price 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.