Wealth Alliance Reduces Position in Realty Income Co. (NYSE:O)

Wealth Alliance trimmed its stake in Realty Income Co. (NYSE:O) by 3.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 27,171 shares of the real estate investment trust’s stock after selling 1,115 shares during the period. Wealth Alliance’s holdings in Realty Income were worth $1,451,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Whittier Trust Co. boosted its position in Realty Income by 4.5% in the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock valued at $245,000 after buying an additional 166 shares during the period. Greenleaf Trust boosted its position in Realty Income by 1.0% in the 3rd quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock valued at $1,072,000 after buying an additional 170 shares during the period. Tcfg Wealth Management LLC boosted its position in Realty Income by 2.9% in the 4th quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock valued at $357,000 after buying an additional 186 shares during the period. Romano Brothers AND Company lifted its position in shares of Realty Income by 2.0% in the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 200 shares during the period. Finally, Bay Rivers Group lifted its position in shares of Realty Income by 1.0% in the 4th quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock worth $1,103,000 after purchasing an additional 200 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Trading Up 0.8 %

NYSE O opened at $55.70 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market cap of $48.74 billion, a PE ratio of 53.04, a price-to-earnings-growth ratio of 1.95 and a beta of 1.00. The company has a 50 day moving average price of $53.84 and a 200 day moving average price of $58.12. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88.

Realty Income Dividend Announcement

The business also recently declared a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.268 per share. Realty Income’s payout ratio is 300.95%.

Analysts Set New Price Targets

O has been the subject of several research reports. Scotiabank lowered their price target on shares of 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $62.00 price target on shares of Realty Income in a research report on Monday, January 27th. UBS Group lowered their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Stifel Nicolaus lowered their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Mizuho lowered their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.