WealthPlan Investment Management LLC Decreases Holdings in Realty Income Co. (NYSE:O)

WealthPlan Investment Management LLC trimmed its stake in shares of Realty Income Co. (NYSE:O) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,541 shares of the real estate investment trust’s stock after selling 500 shares during the period. WealthPlan Investment Management LLC’s holdings in Realty Income were worth $6,919,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton raised its position in shares of Realty Income by 75.4% in 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 last quarter. Creative Capital Management Investments LLC raised its position in shares of 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 valued at $33,000 after buying an additional 300 shares during the last quarter. ST Germain D J Co. Inc. raised its position in shares of 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 valued at $40,000 after buying an additional 567 shares during the last quarter. Luken Investment Analytics LLC acquired a new stake in shares of Realty Income in the fourth quarter valued at about $40,000. Finally, Independence Bank of Kentucky raised its position in shares of Realty Income by 54.5% in the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 300 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Trading Down 0.7 %

Shares of O stock opened at $54.53 on Friday. The company has a 50-day moving average of $53.93 and a two-hundred day moving average of $58.20. 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 Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The firm has a market cap of $47.73 billion, a PE ratio of 51.93, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00.

Realty Income Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on O. UBS Group reduced their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Barclays cut their price objective on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Mizuho cut 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. Stifel Nicolaus cut their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus target price of $62.21.

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.