WCM Investment Management LLC Purchases 54,612 Shares of Realty Income Co. (NYSE:O)

WCM Investment Management LLC increased its position in Realty Income Co. (NYSE:O) by 268.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,973 shares of the real estate investment trust’s stock after acquiring an additional 54,612 shares during the period. WCM Investment Management LLC’s holdings in Realty Income were worth $3,953,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Rosenberg Matthew Hamilton boosted its holdings 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 worth $31,000 after buying an additional 211 shares during the period. Creative Capital Management Investments LLC lifted its holdings in shares of Realty Income by 133.3% in the third 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. boosted its position in shares of Realty Income by 306.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 567 shares during the last quarter. Luken Investment Analytics LLC purchased a new position in Realty Income during the fourth quarter valued at $40,000. Finally, Independence Bank of Kentucky increased its holdings in Realty Income by 54.5% in the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Stifel Nicolaus cut their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. UBS Group cut their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Mizuho decreased their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Finally, Barclays lowered their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $61.81.

Realty Income Stock Performance

Shares of NYSE:O opened at $54.14 on Monday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a market capitalization of $47.38 billion, a price-to-earnings ratio of 51.56, a PEG ratio of 1.94 and a beta of 1.00. The firm’s 50-day moving average is $54.08 and its 200 day moving average is $58.29.

Realty Income Dividend Announcement

The firm also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be paid a dividend of $0.264 per share. This represents a dividend yield of 5.9%. The ex-dividend date is Monday, February 3rd. 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.