Concurrent Investment Advisors LLC Acquires 1,428 Shares of Realty Income Co. (NYSE:O)

Concurrent Investment Advisors LLC boosted its holdings in shares of Realty Income Co. (NYSE:O) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,704 shares of the real estate investment trust’s stock after purchasing an additional 1,428 shares during the period. Concurrent Investment Advisors LLC’s holdings in Realty Income were worth $1,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tcfg Wealth Management LLC increased its holdings in shares of Realty Income by 2.9% during the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust’s stock worth $357,000 after buying an additional 186 shares in the last quarter. Romano Brothers AND Company increased its holdings in shares of Realty Income by 2.0% during the fourth quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust’s stock worth $544,000 after buying an additional 200 shares in the last quarter. Bay Rivers Group increased its holdings in shares of Realty Income by 1.0% during the fourth quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust’s stock worth $1,103,000 after buying an additional 200 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings 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 worth $31,000 after buying an additional 211 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of Realty Income by 2.1% during the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 11,190 shares of the real estate investment trust’s stock worth $598,000 after buying an additional 230 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on O shares. Mizuho decreased their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. 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. 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. UBS Group decreased their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $62.21.

Realty Income Price Performance

O stock opened at $57.14 on Friday. The stock has a market capitalization of $50.01 billion, a PE ratio of 54.41, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. The company’s 50-day moving average is $53.92 and its 200-day moving average is $58.08. 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.

Realty Income Increases Dividend

The business also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.268 per share. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s dividend payout ratio is 301.91%.

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.