Silver Oak Securities Incorporated Acquires New Holdings in Realty Income Co. (NYSE:O)

Silver Oak Securities Incorporated bought a new position in shares of Realty Income Co. (NYSE:O) in the fourth quarter, HoldingsChannel reports. The firm bought 13,188 shares of the real estate investment trust’s stock, valued at approximately $695,000.

Several other institutional investors and hedge funds also recently modified their holdings of O. ZWJ Investment Counsel Inc. increased its position in Realty Income by 0.6% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock worth $1,857,000 after purchasing an additional 164 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Realty Income by 4.5% during the third quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 166 shares in the last quarter. Greenleaf Trust raised its position in shares of Realty Income by 1.0% in the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock valued at $1,072,000 after buying an additional 170 shares during the last quarter. Grove Bank & Trust lifted its stake in shares of Realty Income by 14.3% during the third quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock valued at $89,000 after buying an additional 176 shares during the period. Finally, Buckley Wealth Management LLC boosted its position in Realty Income by 1.9% during the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock worth $599,000 after acquiring an additional 176 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on O shares. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. 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. Scotiabank lowered their price target on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. UBS Group cut their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, Mizuho decreased their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Twelve 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 presently has an average rating of “Hold” and an average price target of $61.81.

Realty Income Price Performance

O opened at $54.14 on Friday. The company has a 50 day moving average of $54.16 and a two-hundred day moving average of $58.31. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. 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 company has a market cap of $47.38 billion, a P/E ratio of 51.56, a P/E/G ratio of 1.96 and a beta of 1.00.

Realty Income Announces Dividend

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