Realty Income Co. (NYSE:O) Shares Bought by Essex Financial Services Inc.

Essex Financial Services Inc. lifted its position in shares of Realty Income Co. (NYSE:O) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,588 shares of the real estate investment trust’s stock after purchasing an additional 471 shares during the period. Essex Financial Services Inc.’s holdings in Realty Income were worth $833,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rosenberg Matthew Hamilton grew its stake in Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 211 shares in the last quarter. Creative Capital Management Investments LLC boosted its stake 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 valued at $33,000 after buying an additional 300 shares during the last quarter. ST Germain D J Co. Inc. grew 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 buying an additional 567 shares in the last quarter. Luken Investment Analytics LLC bought a new stake in shares of Realty Income in the fourth quarter worth $40,000. Finally, Independence Bank of Kentucky raised its holdings in 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 valued at $45,000 after acquiring an additional 300 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on O. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Scotiabank lowered their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price on shares of Realty Income in a report on Monday, January 27th. Barclays lowered their price target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Finally, Mizuho reduced their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $61.81.

Realty Income Stock Performance

Shares of O opened at $54.10 on Thursday. The firm has a fifty day moving average of $53.99 and a 200-day moving average of $58.25. The company has a market cap of $47.35 billion, a price-to-earnings ratio of 51.52, 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 quick ratio of 1.40 and a current ratio of 1.40. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88.

Realty Income Dividend Announcement

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

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.