Center for Financial Planning Inc. Purchases 4,711 Shares of Realty Income Co. (NYSE:O)

Center for Financial Planning Inc. boosted its position in shares of Realty Income Co. (NYSE:O) by 812.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,291 shares of the real estate investment trust’s stock after purchasing an additional 4,711 shares during the period. Center for Financial Planning Inc.’s holdings in Realty Income were worth $283,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in O. Rosenberg Matthew Hamilton increased its position in Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 211 shares in the last quarter. Creative Capital Management Investments LLC increased its position in Realty Income by 133.3% in the 3rd 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 in the last quarter. ST Germain D J Co. Inc. increased 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 valued at $40,000 after acquiring an additional 567 shares in the last quarter. Luken Investment Analytics LLC acquired a new stake in shares of Realty Income during the 4th quarter worth approximately $40,000. Finally, Independence Bank of Kentucky grew its position in shares of Realty Income by 54.5% during the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 300 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

Shares of O opened at $54.53 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. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The firm’s 50 day moving average price is $53.93 and its two-hundred day moving average price is $58.20. The firm has a market cap of $47.73 billion, a P/E ratio of 51.93, a PEG 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 given 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 dividend payout ratio is presently 301.91%.

Analyst Ratings Changes

Several brokerages have recently commented on O. UBS Group lowered their price target 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. Stifel Nicolaus lowered 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 report on Wednesday, January 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 price target on shares of Realty Income in a research report on Monday, January 27th. Scotiabank lowered their price target on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a research report on Thursday, January 16th. Finally, Barclays decreased 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 report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $62.21.

Realty Income 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.