Montag A & Associates Inc. Lowers Stake in Realty Income Co. (NYSE:O)

Montag A & Associates Inc. lessened its holdings in Realty Income Co. (NYSE:O) by 27.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,580 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. Montag A & Associates Inc.’s holdings in Realty Income were worth $138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Roxbury Financial LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at about $63,000. Guyasuta Investment Advisors Inc. boosted its holdings in Realty Income by 16.2% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 3,748 shares of the real estate investment trust’s stock worth $200,000 after buying an additional 522 shares during the last quarter. Center for Financial Planning Inc. increased its stake in Realty Income by 812.2% during the 4th quarter. Center for Financial Planning Inc. now owns 5,291 shares of the real estate investment trust’s stock worth $283,000 after buying an additional 4,711 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of Realty Income by 1.5% during the fourth quarter. New York State Teachers Retirement System now owns 720,346 shares of the real estate investment trust’s stock valued at $38,474,000 after acquiring an additional 10,878 shares during the last quarter. Finally, Asset Planning Inc purchased a new position in shares of Realty Income in the fourth quarter valued at approximately $1,945,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Down 0.7 %

Shares of NYSE:O opened at $54.53 on Tuesday. The business has a 50-day moving average price of $53.90 and a 200 day moving average price of $58.18. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $47.73 billion, a price-to-earnings ratio of 51.93, a PEG ratio of 1.94 and a beta of 1.00.

Realty Income Dividend Announcement

The company also recently declared 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. The ex-dividend date was Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is currently 301.91%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on O shares. Mizuho reduced their price objective 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. UBS Group decreased their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Stifel Nicolaus decreased their target price 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. Finally, Scotiabank dropped their price target on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.21.

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.