Sovran Advisors LLC Invests $1.07 Million in Realty Income Co. (NYSE:O)

Sovran Advisors LLC purchased a new stake in Realty Income Co. (NYSE:O) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 20,112 shares of the real estate investment trust’s stock, valued at approximately $1,069,000.

Other institutional investors have also recently added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. increased its holdings in shares of Realty Income by 0.6% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock worth $1,857,000 after buying an additional 164 shares during the last quarter. Whittier Trust Co. increased its stake in Realty Income by 4.5% during the third quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock worth $245,000 after acquiring an additional 166 shares during the last quarter. Greenleaf Trust raised its position in Realty Income by 1.0% in the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock valued at $1,072,000 after purchasing an additional 170 shares during the period. Grove Bank & Trust lifted its stake in shares of Realty Income by 14.3% in the 3rd quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 176 shares during the last quarter. Finally, Buckley Wealth Management LLC grew its holdings in shares of Realty Income by 1.9% during the 3rd quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock worth $599,000 after purchasing an additional 176 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of Realty Income stock opened at $54.33 on Wednesday. The firm’s fifty day simple moving average is $54.03 and its 200-day simple moving average is $58.27. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The stock has a market capitalization of $47.55 billion, a price-to-earnings ratio of 51.75, a PEG ratio of 1.94 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income Announces Dividend

The business also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.264 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s payout ratio is 301.91%.

Analysts Set New Price Targets

O has been the subject of several research reports. UBS Group dropped their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Royal Bank of Canada restated an “outperform” rating and set a $62.00 target price on shares of Realty Income in a report on Monday, January 27th. Barclays cut their price target on shares of 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. Finally, Scotiabank lowered their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.81.

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.