Sheaff Brock Investment Advisors LLC Decreases Stock Holdings in Realty Income Co. (NYSE:O)

Sheaff Brock Investment Advisors LLC reduced its position in shares of Realty Income Co. (NYSE:O) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 30,314 shares of the real estate investment trust’s stock after selling 1,190 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Realty Income were worth $1,619,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Whittier Trust Co. raised its holdings in Realty Income by 4.5% in the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 166 shares in the last quarter. Greenleaf Trust raised its stake 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 worth $1,072,000 after buying an additional 170 shares in the last quarter. Buckley Wealth Management LLC lifted its holdings in Realty Income by 1.9% in the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock worth $599,000 after buying an additional 176 shares during the period. Romano Brothers AND Company boosted its position in Realty Income by 2.0% during the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock valued at $544,000 after acquiring an additional 200 shares in the last quarter. Finally, Bay Rivers Group grew its holdings in shares of Realty Income by 1.0% during the 4th quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock worth $1,103,000 after acquiring an additional 200 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

Shares of O opened at $54.53 on Friday. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The business’s fifty day simple moving average is $53.90 and its two-hundred day simple moving average is $58.17. 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 cap of $47.73 billion, a price-to-earnings ratio of 51.93, a P/E/G ratio of 1.94 and a beta of 1.00.

Realty Income Announces Dividend

The firm also recently disclosed a feb 25 dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $0.264 dividend. The ex-dividend date was Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s payout ratio is 301.91%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group dropped their price target 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. 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. Scotiabank lowered their price target on shares of 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. Mizuho dropped their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $62.21.

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.