Concurrent Investment Advisors LLC Acquires 1,428 Shares of Realty Income Co. (NYSE:O)

Concurrent Investment Advisors LLC boosted its holdings in Realty Income Co. (NYSE:O) by 6.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,704 shares of the real estate investment trust’s stock after acquiring an additional 1,428 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Realty Income were worth $1,213,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Rosenberg Matthew Hamilton lifted its position in Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 211 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Realty Income during the 4th quarter worth approximately $32,000. Creative Capital Management Investments LLC lifted its position in shares of Realty Income by 133.3% during the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 300 shares in the last quarter. ST Germain D J Co. Inc. lifted its position in shares of Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 567 shares in the last quarter. Finally, Luken Investment Analytics LLC bought a new position in shares of Realty Income during the 4th quarter worth approximately $40,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 1.1 %

O stock opened at $57.14 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 has a market capitalization of $50.01 billion, a price-to-earnings ratio of 54.41, a PEG ratio of 2.10 and a beta of 1.00. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The stock has a fifty day moving average of $53.92 and a 200-day moving average of $58.08.

Realty Income Increases Dividend

The company also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.268 per share. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date is Monday, March 3rd. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio is presently 301.91%.

Wall Street Analysts Forecast Growth

Several research firms have commented on O. Stifel Nicolaus dropped their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. UBS Group dropped their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Scotiabank dropped their target price on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Mizuho dropped 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. Finally, Barclays dropped their target price on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Ten equities research 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.com, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $62.21.

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.