Realty Income Co. (NYSE:O) Shares Sold by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC cut its holdings in shares of Realty Income Co. (NYSE:O) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,096 shares of the real estate investment trust’s stock after selling 4,558 shares during the period. Realty Income accounts for about 0.7% of Soltis Investment Advisors LLC’s holdings, making the stock its 29th biggest position. Soltis Investment Advisors LLC’s holdings in Realty Income were worth $7,429,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. MBA Advisors LLC lifted its position in Realty Income by 8.0% during the 4th quarter. MBA Advisors LLC now owns 3,920 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 291 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in Realty Income during the 4th quarter worth $487,000. Kestra Private Wealth Services LLC lifted its stake in shares of Realty Income by 158.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 108,870 shares of the real estate investment trust’s stock worth $5,815,000 after acquiring an additional 66,727 shares during the period. Stoneridge Investment Partners LLC boosted its holdings in shares of Realty Income by 435.6% in the fourth quarter. Stoneridge Investment Partners LLC now owns 82,435 shares of the real estate investment trust’s stock valued at $4,403,000 after acquiring an additional 67,043 shares in the last quarter. Finally, WCM Investment Management LLC lifted its position in Realty Income by 268.2% in the fourth quarter. WCM Investment Management LLC now owns 74,973 shares of the real estate investment trust’s stock valued at $3,953,000 after purchasing an additional 54,612 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Stifel Nicolaus reduced 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 note on Wednesday, January 8th. UBS Group lowered their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Scotiabank reduced 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 target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Realty Income presently has an average rating of “Hold” and an average target price of $61.81.

Realty Income Price Performance

Shares of NYSE:O opened at $54.14 on Monday. The company has a market cap of $47.38 billion, a P/E ratio of 51.56, a P/E/G ratio of 1.94 and a beta of 1.00. The business has a fifty day simple moving average of $54.08 and a 200-day simple moving average of $58.29. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income Dividend Announcement

The business also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.264 per share. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. 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.