Savant Capital LLC Has $977,000 Position in Realty Income Co. (NYSE:O)

Savant Capital LLC trimmed its position in shares of Realty Income Co. (NYSE:O) by 12.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,300 shares of the real estate investment trust’s stock after selling 2,502 shares during the quarter. Savant Capital LLC’s holdings in Realty Income were worth $977,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new stake in shares of Realty Income in the 4th quarter valued at about $487,000. Kestra Private Wealth Services LLC lifted its stake in shares of Realty Income by 158.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 108,870 shares of the real estate investment trust’s stock worth $5,815,000 after acquiring an additional 66,727 shares during the period. Stoneridge Investment Partners LLC increased 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 valued at $4,403,000 after purchasing an additional 67,043 shares during the period. WCM Investment Management LLC increased its position 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. Finally, Empowered Funds LLC raised its holdings in Realty Income by 10.6% during the 4th quarter. Empowered Funds LLC now owns 16,699 shares of the real estate investment trust’s stock worth $887,000 after purchasing an additional 1,598 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 price objective on shares of Realty Income in a research report on Monday, January 27th. Scotiabank decreased their price target on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Barclays decreased their target price on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus cut their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $62.21.

Realty Income Stock Down 0.7 %

Realty Income stock opened at $54.53 on Friday. The firm has a market capitalization of $47.73 billion, a price-to-earnings ratio of 51.93, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00. The firm’s fifty day moving average price is $53.93 and its two-hundred day moving average price is $58.20. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. 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 Dividend Announcement

The business also recently disclosed a feb 25 dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.264 per share. This represents a yield of 5.9%. The ex-dividend date was Monday, February 3rd. Realty Income’s dividend payout ratio is currently 300.95%.

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.