9,225 Shares in Realty Income Co. (NYSE:O) Acquired by Turning Point Benefit Group Inc.

Turning Point Benefit Group Inc. purchased a new position in shares of Realty Income Co. (NYSE:O) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,225 shares of the real estate investment trust’s stock, valued at approximately $484,000.

Other hedge funds have also added to or reduced their stakes in the company. Rosenberg Matthew Hamilton increased its stake in 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 acquiring an additional 211 shares during the period. Creative Capital Management Investments LLC increased its stake 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 acquiring an additional 300 shares during the period. Sierra Ocean LLC bought a new position in Realty Income during the 4th quarter worth $32,000. Luken Investment Analytics LLC bought a new position in Realty Income during the 4th quarter worth $40,000. Finally, ST Germain D J Co. Inc. increased its stake 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 acquiring an additional 567 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of O opened at $57.14 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a 50 day moving average price of $53.88 and a two-hundred day moving average price of $58.09. The firm has a market capitalization of $50.01 billion, a P/E ratio of 54.41, a P/E/G ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88.

Realty Income Increases Dividend

The business also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.268 per share. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. This represents a yield of 5.7%. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income’s payout ratio is currently 301.91%.

Wall Street Analysts Forecast Growth

O has been the topic of several recent analyst reports. Scotiabank decreased their price target on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Mizuho decreased their price target 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 decreased their price target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Stifel Nicolaus decreased their price target 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. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus target price 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.