Stockman Wealth Management Inc. Decreases Stock Position in Realty Income Co. (NYSE:O)

Stockman Wealth Management Inc. lowered its stake in Realty Income Co. (NYSE:O) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,818 shares of the real estate investment trust’s stock after selling 254 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Realty Income were worth $204,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of O. Stoneridge Investment Partners LLC raised its position in shares of Realty Income by 435.6% during the 4th quarter. Stoneridge Investment Partners LLC now owns 82,435 shares of the real estate investment trust’s stock valued at $4,403,000 after buying an additional 67,043 shares in the last quarter. WCM Investment Management LLC raised its position in shares of Realty Income by 268.2% during the 4th quarter. WCM Investment Management LLC now owns 74,973 shares of the real estate investment trust’s stock valued at $3,953,000 after buying an additional 54,612 shares in the last quarter. Empowered Funds LLC raised its position in shares of Realty Income by 10.6% during the 4th quarter. Empowered Funds LLC now owns 16,699 shares of the real estate investment trust’s stock valued at $887,000 after buying an additional 1,598 shares in the last quarter. Farmers & Merchants Investments Inc. raised its position in shares of Realty Income by 7.2% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 120,243 shares of the real estate investment trust’s stock valued at $6,422,000 after buying an additional 8,119 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its position in shares of Realty Income by 17.0% during the 4th quarter. Kingsview Wealth Management LLC now owns 97,806 shares of the real estate investment trust’s stock valued at $5,224,000 after buying an additional 14,232 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

O has been the topic of several recent research reports. UBS Group decreased 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. Mizuho cut their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Scotiabank cut their price target on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Barclays cut their price target on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. Eleven 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, the company has a consensus rating of “Hold” and a consensus price target of $61.81.

Realty Income Price Performance

Shares of O opened at $54.14 on Friday. The company has a 50 day moving average price of $54.08 and a 200-day moving average price of $58.29. 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 market capitalization of $47.38 billion, a PE ratio of 51.56, a PEG 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 Announces Dividend

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

Realty Income 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.