Strategic Financial Concepts LLC Invests $669,000 in Realty Income Co. (NYSE:O)

Strategic Financial Concepts LLC acquired a new stake in shares of Realty Income Co. (NYSE:O) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,531 shares of the real estate investment trust’s stock, valued at approximately $669,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of O. Rosenberg Matthew Hamilton raised its stake in shares of Realty Income by 75.4% during the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 211 shares during the last quarter. Creative Capital Management Investments LLC grew its position in shares of Realty Income by 133.3% in the 3rd 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 during the last quarter. ST Germain D J Co. Inc. grew its position in shares of Realty Income by 306.5% in the 4th 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 during the last quarter. Luken Investment Analytics LLC bought a new stake in shares of Realty Income in the 4th quarter worth approximately $40,000. Finally, Independence Bank of Kentucky raised 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 worth $45,000 after purchasing an additional 300 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

O has been the subject of several research reports. Royal Bank of Canada restated an “outperform” rating and issued a $62.00 price objective on shares of Realty Income in a report on Monday, January 27th. Mizuho cut their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus cut their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. UBS Group cut 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, Scotiabank decreased 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. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $62.21.

Realty Income Trading Up 0.8 %

Shares of NYSE O opened at $55.70 on Thursday. The firm’s 50 day moving average price is $53.84 and its 200-day moving average price is $58.12. The company has a market cap of $48.74 billion, a PE ratio of 53.04, a P/E/G ratio of 1.95 and a beta of 1.00. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. 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 firm also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a $0.268 dividend. Realty Income’s payout ratio is 300.95%.

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.