Gladstone Institutional Advisory LLC Lowers Stock Holdings in Realty Income Co. (NYSE:O)

Gladstone Institutional Advisory LLC cut its holdings in shares of Realty Income Co. (NYSE:O) by 16.5% during the fourth quarter, Holdings Channel reports. The firm owned 36,113 shares of the real estate investment trust’s stock after selling 7,157 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Realty Income were worth $1,929,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Koshinski Asset Management Inc. purchased a new position in Realty Income in the third quarter worth approximately $203,000. Grove Bank & Trust lifted its holdings in Realty Income by 14.3% during the 3rd quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 176 shares during the last quarter. CX Institutional acquired a new position in shares of Realty Income during the 3rd quarter worth about $218,000. Wesbanco Bank Inc. purchased a new position in shares of Realty Income in the 3rd quarter valued at about $223,000. Finally, Prospect Financial Services LLC acquired a new stake in shares of Realty Income during the 3rd quarter worth about $255,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

O has been the subject of a number of research analyst reports. UBS Group lowered their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Stifel Nicolaus cut their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Mizuho decreased their price objective on shares of 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 cut their target price on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 target price on shares of Realty Income in a research report on Monday, January 27th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus target price of $61.81.

Realty Income Stock Down 0.5 %

O opened at $54.10 on Thursday. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The business has a 50 day moving average price of $53.99 and a two-hundred day moving average price of $58.25. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market cap of $47.35 billion, a PE ratio of 51.52, a P/E/G 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 issued a dividend of $0.264 per share. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. 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.