BLB&B Advisors LLC Invests $5.67 Million in Realty Income Co. (NYSE:O)

BLB&B Advisors LLC bought a new stake in Realty Income Co. (NYSE:O) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 106,204 shares of the real estate investment trust’s stock, valued at approximately $5,672,000.

Other large investors have also added to or reduced their stakes in the company. Rosenberg Matthew Hamilton increased its position in shares of Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 211 shares during the last quarter. Creative Capital Management Investments LLC boosted its holdings in shares of Realty Income by 133.3% during 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 acquiring an additional 300 shares during the period. ST Germain D J Co. Inc. grew its position in 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 purchasing 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 approximately $40,000. Finally, Independence Bank of Kentucky raised its holdings in shares of Realty Income by 54.5% during 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 institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on O shares. Royal Bank of Canada restated an “outperform” rating and issued a $62.00 target price on shares of Realty Income in a research report on Monday, January 27th. Mizuho lowered their price target on Realty Income from $60.00 to $54.00 and set a “neutral” 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 for the company. Barclays lowered their target price on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Stifel Nicolaus reduced their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $61.81.

Realty Income Price Performance

Shares of NYSE:O opened at $54.14 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 capitalization of $47.38 billion, a PE ratio of 51.56, a price-to-earnings-growth ratio of 1.96 and a beta of 1.00. The stock has a fifty day moving average of $54.16 and a 200-day moving average of $58.31. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88.

Realty Income Dividend Announcement

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

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.