Stephens Inc. AR Trims Stock Position in Realty Income Co. (NYSE:O)

Stephens Inc. AR lessened its holdings in Realty Income Co. (NYSE:O) by 12.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,326 shares of the real estate investment trust’s stock after selling 1,678 shares during the period. Stephens Inc. AR’s holdings in Realty Income were worth $605,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Stoneridge Investment Partners LLC increased its stake in shares of Realty Income by 435.6% in 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 in the last quarter. WCM Investment Management LLC increased its stake in shares of Realty Income by 268.2% in 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 in the last quarter. Empowered Funds LLC increased its stake 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 buying an additional 1,598 shares in the last quarter. Farmers & Merchants Investments Inc. increased its stake in Realty Income by 7.2% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 120,243 shares of the real estate investment trust’s stock worth $6,422,000 after buying an additional 8,119 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its stake in Realty Income by 17.0% during the 4th quarter. Kingsview Wealth Management LLC now owns 97,806 shares of the real estate investment trust’s stock worth $5,224,000 after buying an additional 14,232 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on O shares. Scotiabank cut their price objective on 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. Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 price objective on shares of Realty Income in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Barclays cut their price objective 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, UBS Group lowered their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $62.21.

Realty Income Trading Down 0.7 %

O opened at $54.53 on Friday. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The stock has a market capitalization of $47.73 billion, a PE ratio of 51.93, a P/E/G ratio of 1.94 and a beta of 1.00. The business’s 50 day moving average price is $53.93 and its 200 day moving average price is $58.20. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income Dividend Announcement

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

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.