WealthPLAN Partners LLC Sells 10,366 Shares of Realty Income Co. (NYSE:O)

WealthPLAN Partners LLC reduced its holdings in Realty Income Co. (NYSE:O) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,891 shares of the real estate investment trust’s stock after selling 10,366 shares during the quarter. WealthPLAN Partners LLC’s holdings in Realty Income were worth $4,427,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of O. CX Institutional bought a new stake in shares of Realty Income during the third quarter valued at approximately $218,000. Global Retirement Partners LLC increased its holdings in shares of Realty Income by 17.1% during the third quarter. Global Retirement Partners LLC now owns 20,688 shares of the real estate investment trust’s stock valued at $1,312,000 after acquiring an additional 3,021 shares in the last quarter. Teamwork Financial Advisors LLC purchased a new position in shares of Realty Income during the third quarter valued at approximately $1,369,000. Trust Co. of Vermont boosted its position in shares of Realty Income by 4.2% during the third quarter. Trust Co. of Vermont now owns 225,023 shares of the real estate investment trust’s stock valued at $14,271,000 after buying an additional 9,064 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Realty Income by 6.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 265,968 shares of the real estate investment trust’s stock valued at $16,868,000 after buying an additional 15,775 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research report on Monday, January 27th. UBS Group cut 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. Mizuho cut their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus cut 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 began coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $62.21.

Realty Income Stock Down 0.7 %

O stock opened at $54.53 on Friday. The stock’s fifty day simple moving average is $53.93 and its two-hundred day simple moving average is $58.20. 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 1-year low of $50.65 and a 1-year high of $64.88. The stock has a market cap of $47.73 billion, a P/E ratio of 51.93, a P/E/G ratio of 1.94 and a beta of 1.00.

Realty Income Announces Dividend

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

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.