Morningstar Investment Management LLC Purchases 365 Shares of Realty Income Co. (NYSE:O)

Morningstar Investment Management LLC boosted its holdings in shares of Realty Income Co. (NYSE:O) by 10.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,861 shares of the real estate investment trust’s stock after purchasing an additional 365 shares during the period. Morningstar Investment Management LLC’s holdings in Realty Income were worth $206,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of O. Rosenberg Matthew Hamilton raised its position in Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 211 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Realty Income during the fourth quarter worth about $32,000. Creative Capital Management Investments LLC raised its position in shares of Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 300 shares during the last quarter. ST Germain D J Co. Inc. increased its position in Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 567 shares during the period. Finally, Luken Investment Analytics LLC bought a new position in Realty Income during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on O shares. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Barclays dropped their price objective on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. 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 note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research report on Monday, January 27th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $62.21.

Realty Income Stock Up 0.8 %

Shares of NYSE:O opened at $55.70 on Thursday. The stock has a market cap of $48.74 billion, a price-to-earnings ratio of 53.04, a PEG ratio of 1.98 and a beta of 1.00. The company has a quick ratio of 1.40, a current 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 business’s 50 day moving average is $53.84 and its 200 day moving average is $58.12.

Realty Income Announces Dividend

The firm also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be issued a dividend of $0.268 per share. Realty Income’s dividend payout ratio (DPR) 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.