Atria Wealth Solutions Inc. Boosts Stake in Realty Income Co. (NYSE:O)

Atria Wealth Solutions Inc. increased its position in Realty Income Co. (NYSE:O) by 10.1% in the 4th quarter, Holdings Channel reports. The firm owned 186,543 shares of the real estate investment trust’s stock after buying an additional 17,164 shares during the period. Atria Wealth Solutions Inc.’s holdings in Realty Income were worth $9,963,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. D.A. Davidson & CO. increased its position in Realty Income by 6.9% in the 4th quarter. D.A. Davidson & CO. now owns 243,659 shares of the real estate investment trust’s stock valued at $13,014,000 after acquiring an additional 15,786 shares during the period. Truist Financial Corp increased its position in Realty Income by 8.9% during the 4th quarter. Truist Financial Corp now owns 929,901 shares of the real estate investment trust’s stock worth $49,666,000 after purchasing an additional 76,229 shares during the period. Wealth Quarterback LLC increased its position in Realty Income by 14.6% during the 4th quarter. Wealth Quarterback LLC now owns 3,975 shares of the real estate investment trust’s stock worth $212,000 after purchasing an additional 505 shares during the period. CIBC Asset Management Inc increased its position in Realty Income by 1.9% during the 4th quarter. CIBC Asset Management Inc now owns 249,625 shares of the real estate investment trust’s stock worth $13,332,000 after purchasing an additional 4,649 shares during the period. Finally, Principal Financial Group Inc. increased its position in Realty Income by 0.8% during the 4th quarter. Principal Financial Group Inc. now owns 2,208,528 shares of the real estate investment trust’s stock worth $117,958,000 after purchasing an additional 17,789 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

O stock opened at $55.18 on Wednesday. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s 50 day moving average price is $53.86 and its 200 day moving average price is $58.15. The firm has a market cap of $48.29 billion, a P/E ratio of 52.55, a PEG ratio of 1.94 and a beta of 1.00.

Realty Income Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on O. Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research report on Monday, January 27th. Barclays dropped their target price on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. 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. 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $62.21.

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.