Ellis Investment Partners LLC Sells 1,470 Shares of Realty Income Co. (NYSE:O)

Ellis Investment Partners LLC trimmed its holdings in Realty Income Co. (NYSE:O) by 20.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,688 shares of the real estate investment trust’s stock after selling 1,470 shares during the period. Ellis Investment Partners LLC’s holdings in Realty Income were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Roxbury Financial LLC bought a new position in shares of Realty Income during the fourth quarter valued at about $63,000. Guyasuta Investment Advisors Inc. lifted its position in shares of Realty Income by 16.2% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 3,748 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 522 shares in the last quarter. Center for Financial Planning Inc. lifted its position in shares of Realty Income by 812.2% during the fourth quarter. Center for Financial Planning Inc. now owns 5,291 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 4,711 shares in the last quarter. New York State Teachers Retirement System lifted its position 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 purchasing an additional 10,878 shares in the last quarter. Finally, Asset Planning Inc bought a new position in shares of Realty Income during the fourth quarter valued at about $1,945,000. 70.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on O. Scotiabank dropped their price target on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. UBS Group lowered their price objective on shares of 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 reaffirmed an “outperform” rating and issued a $62.00 price objective on shares of Realty Income in a research report on Monday, January 27th. Mizuho lowered 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 report on Wednesday, January 8th. Finally, Stifel Nicolaus lowered their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $62.21.

Realty Income Price Performance

O opened at $54.53 on Monday. 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. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $53.90 and a 200-day moving average price of $58.17. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88.

Realty Income Dividend Announcement

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