Apollon Wealth Management LLC Sells 314 Shares of Realty Income Co. (NYSE:O)

Apollon Wealth Management LLC trimmed its stake in Realty Income Co. (NYSE:O) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,138 shares of the real estate investment trust’s stock after selling 314 shares during the period. Apollon Wealth Management LLC’s holdings in Realty Income were worth $1,343,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of O. Trust Co. of Vermont boosted its position in shares of Realty Income by 12.7% in the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after purchasing an additional 28,480 shares in the last quarter. Atlanta Consulting Group Advisors LLC bought a new stake in Realty Income in the third quarter worth $896,000. Charles Schwab Investment Management Inc. grew its stake in shares of Realty Income by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after acquiring an additional 463,286 shares during the last quarter. Swiss National Bank increased its holdings in shares of Realty Income by 1.4% during the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after acquiring an additional 35,100 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock worth $138,937,000 after purchasing an additional 74,185 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O stock opened at $53.95 on Tuesday. The company has a market capitalization of $47.22 billion, a P/E ratio of 51.39, a P/E/G ratio of 1.94 and a beta of 1.00. The company’s 50-day simple moving average is $54.08 and its two-hundred day simple moving average is $58.30. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income Dividend Announcement

The company also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be issued a dividend of $0.264 per share. The ex-dividend date is Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s payout ratio is currently 300.95%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. 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. Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. UBS Group dropped their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, Mizuho decreased their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $61.81.

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.