BLB&B Advisors LLC Invests $5.67 Million in Realty Income Co. (NYSE:O)

BLB&B Advisors LLC purchased a new stake in shares of Realty Income Co. (NYSE:O) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 106,204 shares of the real estate investment trust’s stock, valued at approximately $5,672,000.

Several other hedge funds have also recently bought and sold shares of the business. SOA Wealth Advisors LLC. lifted its position in Realty Income by 350.0% in the 4th quarter. SOA Wealth Advisors LLC. now owns 1,233 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 959 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in Realty Income during the fourth quarter valued at $289,000. Golden State Wealth Management LLC purchased a new position in Realty Income in the fourth quarter valued at about $400,000. Global X Japan Co. Ltd. increased its position in Realty Income by 11.9% in the 4th quarter. Global X Japan Co. Ltd. now owns 10,033 shares of the real estate investment trust’s stock worth $536,000 after purchasing an additional 1,065 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Realty Income by 4.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 277,922 shares of the real estate investment trust’s stock worth $14,844,000 after purchasing an additional 11,954 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

Shares of NYSE:O opened at $54.14 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average price of $54.16 and a 200 day moving average price of $58.31. The company has a market cap of $47.38 billion, a price-to-earnings ratio of 51.56, a PEG ratio of 1.96 and a beta of 1.00. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88.

Realty Income Announces Dividend

The business also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a dividend of $0.264 per share. This represents a yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. Realty Income’s dividend payout ratio (DPR) is currently 301.91%.

Analysts Set New Price Targets

Several brokerages recently commented on O. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 price target on shares of Realty Income in a research note on Monday, January 27th. Mizuho dropped their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus cut their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Scotiabank decreased their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Finally, Barclays cut their target price on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.81.

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.