Realty Income Co. (NYSE:O) Shares Purchased by Truist Financial Corp

Truist Financial Corp raised its position in shares of Realty Income Co. (NYSE:O) by 8.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 929,901 shares of the real estate investment trust’s stock after buying an additional 76,229 shares during the quarter. Truist Financial Corp’s holdings in Realty Income were worth $49,666,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in O. Commonwealth Equity Services LLC raised its stake in shares of Realty Income by 13.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 624,902 shares of the real estate investment trust’s stock valued at $39,631,000 after acquiring an additional 73,200 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Realty Income by 1.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 41,570 shares of the real estate investment trust’s stock valued at $2,636,000 after purchasing an additional 677 shares in the last quarter. Berry Wealth Group LP acquired a new stake in Realty Income in the 3rd quarter valued at $2,579,000. Whittier Trust Co. raised its position in Realty Income by 4.5% in the third quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock valued at $245,000 after purchasing an additional 166 shares during the period. Finally, Venture Visionary Partners LLC lifted its stake in shares of Realty Income by 0.7% during the third quarter. Venture Visionary Partners LLC now owns 129,855 shares of the real estate investment trust’s stock worth $8,235,000 after purchasing an additional 909 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Price Performance

O opened at $54.53 on Tuesday. The company has a market capitalization of $47.73 billion, a P/E ratio of 51.93, a PEG ratio of 1.94 and a beta of 1.00. The company has a 50-day moving average of $53.90 and a 200-day moving average of $58.18. 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 Co. has a 1-year low of $50.65 and a 1-year high of $64.88.

Realty Income Dividend Announcement

The company also recently disclosed a feb 25 dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were issued a $0.264 dividend. This represents a yield of 5.9%. The ex-dividend date of this dividend was Monday, February 3rd. Realty Income’s dividend payout ratio is currently 301.91%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on O. Scotiabank lowered their target price on Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research note on Thursday, January 16th. Mizuho lowered their price objective 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. UBS Group dropped their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Barclays decreased their target price on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus dropped their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Ten 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 presently has a consensus 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.