Realty Income Co. (NYSE:O) Stock Holdings Lifted by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. lifted its stake in shares of Realty Income Co. (NYSE:O) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,154 shares of the real estate investment trust’s stock after acquiring an additional 1,263 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Realty Income were worth $596,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. MBA Advisors LLC increased its position in shares of Realty Income by 8.0% in the fourth quarter. MBA Advisors LLC now owns 3,920 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 291 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Realty Income in the 4th quarter worth approximately $487,000. Kestra Private Wealth Services LLC grew its position in Realty Income by 158.3% during the 4th quarter. Kestra Private Wealth Services LLC now owns 108,870 shares of the real estate investment trust’s stock worth $5,815,000 after purchasing an additional 66,727 shares in the last quarter. Stoneridge Investment Partners LLC grew its position in Realty Income by 435.6% during the 4th quarter. Stoneridge Investment Partners LLC now owns 82,435 shares of the real estate investment trust’s stock worth $4,403,000 after purchasing an additional 67,043 shares in the last quarter. Finally, WCM Investment Management LLC raised its stake in Realty Income by 268.2% during the 4th quarter. WCM Investment Management LLC now owns 74,973 shares of the real estate investment trust’s stock valued at $3,953,000 after purchasing an additional 54,612 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Trading Down 0.3 %

Realty Income stock opened at $54.14 on Monday. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The company’s fifty day moving average price is $54.08 and its two-hundred day moving average price is $58.29. The company has a market capitalization of $47.38 billion, a price-to-earnings ratio of 51.56, a PEG ratio of 1.94 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income Dividend Announcement

The business also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued 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 (DPR) is currently 301.91%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on O shares. Stifel Nicolaus dropped their price target 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. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 price target on shares of Realty Income in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Mizuho decreased their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Barclays lowered their price target on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $61.81.

About Realty Income

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.