Center for Financial Planning Inc. Acquires 4,711 Shares of Realty Income Co. (NYSE:O)

Center for Financial Planning Inc. lifted its holdings in Realty Income Co. (NYSE:O) by 812.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,291 shares of the real estate investment trust’s stock after purchasing an additional 4,711 shares during the quarter. Center for Financial Planning Inc.’s holdings in Realty Income were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Trust Co. of Vermont increased its holdings in Realty Income by 12.7% during the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after buying an additional 28,480 shares during the last quarter. Atlanta Consulting Group Advisors LLC acquired a new position in Realty Income during the third quarter worth $896,000. Charles Schwab Investment Management Inc. increased its holdings in Realty Income by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after buying an additional 463,286 shares during the last quarter. Swiss National Bank increased its holdings in Realty Income by 1.4% during the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock worth $163,921,000 after buying an additional 35,100 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Realty Income by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock worth $138,937,000 after buying an additional 74,185 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Down 0.7 %

O stock opened at $54.53 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company’s 50-day simple moving average is $53.93 and its 200 day simple moving average is $58.20. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The company has a market capitalization of $47.73 billion, a PE ratio of 51.93, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00.

Realty Income Dividend Announcement

The firm also recently declared a feb 25 dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.264 dividend. The ex-dividend date was Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is presently 301.91%.

Analysts Set New Price Targets

O has been the topic of several research reports. Barclays decreased their price objective on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Stifel Nicolaus decreased their price objective 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 on the stock in a report on Thursday, January 16th. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $62.00 price objective on shares of Realty Income in a report on Monday, January 27th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus 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.