Turning Point Benefit Group Inc. Takes Position in Realty Income Co. (NYSE:O)

Turning Point Benefit Group Inc. bought a new stake in Realty Income Co. (NYSE:O) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 9,225 shares of the real estate investment trust’s stock, valued at approximately $484,000.

Several other institutional investors also recently modified their holdings of the business. Rosenberg Matthew Hamilton lifted its stake in Realty Income by 75.4% in the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 211 shares during the last quarter. Sierra Ocean LLC purchased a new position in Realty Income in the fourth quarter valued at approximately $32,000. Creative Capital Management Investments LLC lifted its stake in Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 300 shares during the last quarter. ST Germain D J Co. Inc. lifted its stake in Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 567 shares during the last quarter. Finally, Luken Investment Analytics LLC purchased a new position in Realty Income in the fourth quarter valued at approximately $40,000. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on O shares. Barclays dropped their price objective 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 dropped their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada restated an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Finally, UBS Group dropped their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.21.

Realty Income Trading Up 1.1 %

Realty Income stock opened at $57.14 on Friday. The stock has a market cap of $50.01 billion, a P/E ratio of 54.41, a PEG ratio of 2.10 and a beta of 1.00. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The firm’s fifty day moving average price is $53.88 and its 200-day moving average price is $58.09. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income Increases Dividend

The company also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a $0.268 dividend. The ex-dividend date is Monday, March 3rd. This represents a dividend yield of 5.7%. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s dividend payout ratio is presently 301.91%.

Realty Income Company 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.