Opus Capital Group LLC Reduces Stake in Realty Income Co. (NYSE:O)

Opus Capital Group LLC reduced its stake in Realty Income Co. (NYSE:O) by 18.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,946 shares of the real estate investment trust’s stock after selling 1,115 shares during the quarter. Opus Capital Group LLC’s holdings in Realty Income were worth $264,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in O. Trust Co. of Vermont grew its holdings in shares of Realty Income by 12.7% during the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after purchasing an additional 28,480 shares during the period. Atlanta Consulting Group Advisors LLC purchased a new position in shares of Realty Income during the 3rd quarter worth $896,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Realty Income by 5.0% during the 3rd 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 period. Swiss National Bank grew its holdings in shares of Realty Income by 1.4% during the 3rd 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 during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Realty Income by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock worth $138,937,000 after purchasing an additional 74,185 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Price Performance

O stock opened at $54.53 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $47.73 billion, a P/E ratio of 51.93, a P/E/G ratio of 1.94 and a beta of 1.00. The business’s 50-day moving average is $53.90 and its two-hundred day moving average is $58.17. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88.

Realty Income Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on O shares. Mizuho lowered their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 price target on shares of Realty Income in a report on Monday, January 27th. Barclays lowered their price target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Finally, Stifel Nicolaus decreased their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $62.21.

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.