Burns Matteson Capital Management LLC Sells 1,592 Shares of Realty Income Co. (NYSE:O)

Burns Matteson Capital Management LLC lessened its holdings in Realty Income Co. (NYSE:O) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,537 shares of the real estate investment trust’s stock after selling 1,592 shares during the period. Realty Income accounts for about 1.1% of Burns Matteson Capital Management LLC’s investment portfolio, making the stock its 21st biggest holding. Burns Matteson Capital Management LLC’s holdings in Realty Income were worth $2,272,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its holdings in shares of Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 211 shares during the period. Creative Capital Management Investments LLC boosted its holdings in Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 300 shares during the period. ST Germain D J Co. Inc. grew its position in shares of Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 567 shares during the last quarter. Luken Investment Analytics LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at about $40,000. Finally, Independence Bank of Kentucky increased its stake in shares of Realty Income by 54.5% in the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 300 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

O has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Scotiabank reduced their target price on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus lowered their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 price target on shares of Realty Income in a report on Monday, January 27th. Finally, Barclays decreased 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, February 4th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Realty Income has an average rating of “Hold” and a consensus target price of $61.81.

Realty Income Stock Down 0.3 %

Shares of Realty Income stock opened at $54.14 on Monday. The company has a market capitalization of $47.38 billion, a P/E ratio of 51.56, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The business has a 50-day moving average of $54.08 and a two-hundred day moving average of $58.29. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88.

Realty Income Announces Dividend

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