Certuity LLC Increases Stake in Realty Income Co. (NYSE:O)

Certuity LLC lifted its stake in Realty Income Co. (NYSE:O) by 28.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,772 shares of the real estate investment trust’s stock after buying an additional 1,721 shares during the quarter. Certuity LLC’s holdings in Realty Income were worth $415,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trust Co. of Vermont grew its holdings in Realty Income by 12.7% during the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock valued at $13,540,000 after buying an additional 28,480 shares in the last quarter. Atlanta Consulting Group Advisors LLC purchased a new position in shares of Realty Income in the third quarter valued at $896,000. Charles Schwab Investment Management Inc. increased its position in Realty Income by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after purchasing an additional 463,286 shares during the last quarter. Swiss National Bank raised its stake in Realty Income by 1.4% during the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after purchasing an additional 35,100 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Realty Income by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after purchasing an additional 74,185 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports 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 research report on Monday, January 27th. Barclays decreased their price objective 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. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Mizuho decreased their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Stifel Nicolaus lowered their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average target price of $61.81.

Realty Income Stock Down 0.5 %

Shares of O opened at $54.10 on Thursday. The firm has a market capitalization of $47.35 billion, a P/E ratio of 51.52, a P/E/G ratio of 1.94 and a beta of 1.00. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The firm has a fifty day moving average price of $53.99 and a 200-day moving average price of $58.25. 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 Announces Dividend

The business also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be paid a $0.264 dividend. The ex-dividend date is 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.