Asset Planning Inc Buys New Shares in Realty Income Co. (NYSE:O)

Asset Planning Inc purchased a new position in shares of Realty Income Co. (NYSE:O) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 36,426 shares of the real estate investment trust’s stock, valued at approximately $1,945,000. Realty Income accounts for approximately 1.5% of Asset Planning Inc’s investment portfolio, making the stock its 14th largest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rosenberg Matthew Hamilton grew its holdings in 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 purchasing an additional 211 shares during the period. 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 worth $33,000 after acquiring an additional 300 shares during the period. Luken Investment Analytics LLC bought a new stake in shares of Realty Income during the fourth quarter worth approximately $40,000. ST Germain D J Co. Inc. boosted its holdings in shares of Realty Income by 306.5% during 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 acquiring an additional 567 shares during the period. Finally, Independence Bank of Kentucky boosted 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 worth $45,000 after acquiring an additional 300 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 1.6 %

Shares of NYSE:O opened at $54.95 on Friday. The company has a fifty day moving average of $53.95 and a 200-day moving average of $58.22. The company has a market capitalization of $48.09 billion, a PE ratio of 52.33, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00. 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 52-week low of $50.65 and a 52-week 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. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.264 per share. The ex-dividend date is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is presently 301.91%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $62.00 price target on shares of Realty Income in a research note on Monday, January 27th. Mizuho cut their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. UBS Group cut their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Finally, Stifel Nicolaus cut their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.