Nicholson Wealth Management Group LLC Grows Stock Holdings in Realty Income Co. (NYSE:O)

Nicholson Wealth Management Group LLC raised its position in Realty Income Co. (NYSE:O) by 141.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,149 shares of the real estate investment trust’s stock after acquiring an additional 16,476 shares during the quarter. Nicholson Wealth Management Group LLC’s holdings in Realty Income were worth $1,503,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of O. Rosenberg Matthew Hamilton increased its position 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 buying an additional 211 shares during the period. Sierra Ocean LLC purchased a new position in shares of Realty Income during the fourth quarter valued at about $32,000. Creative Capital Management Investments LLC grew its holdings in Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares during the period. ST Germain D J Co. Inc. grew its holdings in Realty Income by 306.5% in 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 purchasing an additional 567 shares during the period. Finally, Luken Investment Analytics LLC purchased a new stake in Realty Income in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of NYSE O opened at $56.51 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $49.46 billion, a P/E ratio of 53.82, a P/E/G ratio of 2.06 and a beta of 1.00. The firm’s fifty day moving average is $53.85 and its two-hundred day moving average is $58.10. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88.

Realty Income Increases Dividend

The firm also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a $0.268 dividend. The ex-dividend date is Monday, March 3rd. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. This represents a dividend yield of 5.7%. Realty Income’s payout ratio is 301.91%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus cut their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Mizuho cut their price objective 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. UBS Group cut their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Finally, Barclays cut their price objective 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. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Realty Income 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.