Wealth Alliance Trims Position in Realty Income Co. (NYSE:O)

Wealth Alliance cut its position in Realty Income Co. (NYSE:O) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,171 shares of the real estate investment trust’s stock after selling 1,115 shares during the period. Wealth Alliance’s holdings in Realty Income were worth $1,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of O. Rosenberg Matthew Hamilton increased its stake in shares of Realty Income by 75.4% in the third 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 in the last quarter. Sierra Ocean LLC purchased a new position in Realty Income during the fourth quarter valued at $32,000. Creative Capital Management Investments LLC grew its stake in 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 valued at $33,000 after acquiring an additional 300 shares in the last quarter. ST Germain D J Co. Inc. grew its stake in Realty Income by 306.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 567 shares in the last quarter. Finally, Luken Investment Analytics LLC purchased a new position in Realty Income during the fourth quarter valued at $40,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

O stock opened at $55.70 on Thursday. Realty Income Co. has a 12 month low of $50.65 and a 12 month 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. The company has a 50-day moving average price of $53.84 and a 200 day moving average price of $58.12. The stock has a market cap of $48.74 billion, a PE ratio of 53.04, a P/E/G ratio of 1.95 and a beta of 1.00.

Realty Income Dividend Announcement

The company also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Investors of record on Monday, March 3rd will be paid a dividend of $0.268 per share. Realty Income’s dividend payout ratio is presently 300.95%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on O. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Barclays cut their target price on shares of 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. UBS Group cut their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Scotiabank cut their target price on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Finally, Stifel Nicolaus dropped their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $62.21.

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.