W.G. Shaheen & Associates DBA Whitney & Co Has $307,000 Holdings in Realty Income Co. (NYSE:O)

W.G. Shaheen & Associates DBA Whitney & Co cut its stake in Realty Income Co. (NYSE:O) by 15.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,750 shares of the real estate investment trust’s stock after selling 1,026 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Realty Income were worth $307,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. IFP Advisors Inc lifted its stake in shares of Realty Income by 29.9% in the fourth quarter. IFP Advisors Inc now owns 7,975 shares of the real estate investment trust’s stock worth $426,000 after acquiring an additional 1,837 shares during the period. WealthShield Partners LLC bought a new position in Realty Income in the fourth quarter worth approximately $1,314,000. Y Intercept Hong Kong Ltd grew its position in Realty Income by 1,934.0% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 74,648 shares of the real estate investment trust’s stock valued at $3,987,000 after purchasing an additional 70,978 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Realty Income by 45.2% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 193,153 shares of the real estate investment trust’s stock valued at $10,316,000 after buying an additional 60,100 shares during the last quarter. Finally, Howard Capital Management Inc. boosted its stake in Realty Income by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust’s stock valued at $238,000 after purchasing an additional 229 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Mizuho cut their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Barclays reduced their target price on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Scotiabank decreased 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 report on Thursday, January 16th. Finally, 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 research report on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.21.

Realty Income Trading Up 1.1 %

NYSE O opened at $57.14 on Monday. The company’s 50-day moving average price is $53.92 and its 200-day moving average price is $58.05. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The stock has a market cap of $50.01 billion, a PE ratio of 54.41, a PEG ratio of 2.10 and a beta of 1.00.

Realty Income Increases Dividend

The business also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a dividend of $0.268 per share. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income’s dividend payout ratio is 305.71%.

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.