Realty Income Co. (NYSE:O) Shares Acquired by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. boosted its stake in Realty Income Co. (NYSE:O) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,154 shares of the real estate investment trust’s stock after purchasing an additional 1,263 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Realty Income were worth $596,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Wedmont Private Capital boosted its stake in Realty Income by 11.9% during the 3rd quarter. Wedmont Private Capital now owns 4,369 shares of the real estate investment trust’s stock valued at $269,000 after acquiring an additional 464 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Realty Income by 286.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,282 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 2,432 shares during the last quarter. Octavia Wealth Advisors LLC acquired a new position in Realty Income in the third quarter worth about $203,000. Gateway Investment Advisers LLC increased its holdings in Realty Income by 10.6% in the third quarter. Gateway Investment Advisers LLC now owns 40,335 shares of the real estate investment trust’s stock valued at $2,558,000 after buying an additional 3,862 shares during the last quarter. Finally, Carnegie Investment Counsel raised its stake in Realty Income by 1.3% during the third quarter. Carnegie Investment Counsel now owns 81,011 shares of the real estate investment trust’s stock valued at $5,138,000 after buying an additional 1,024 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on O shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. Stifel Nicolaus cut their target price 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. Mizuho lowered their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 price target on shares of Realty Income in a research report on Monday, January 27th. Finally, Barclays reduced their price objective on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $61.81.

Realty Income Stock Performance

O stock opened at $54.14 on Monday. The company has a 50-day simple moving average of $54.08 and a 200 day simple moving average of $58.29. The company has a market capitalization of $47.38 billion, a P/E ratio of 51.56, a PEG ratio of 1.94 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 fifty-two week low of $50.65 and a fifty-two week high of $64.88.

Realty Income Announces Dividend

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

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.