Principal Securities Inc. Has $1.31 Million Stake in Realty Income Co. (NYSE:O)

Principal Securities Inc. grew its position in Realty Income Co. (NYSE:O) by 10.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 24,564 shares of the real estate investment trust’s stock after buying an additional 2,340 shares during the quarter. Principal Securities Inc.’s holdings in Realty Income were worth $1,312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of O. Rosenberg Matthew Hamilton grew its holdings in Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 211 shares during the last quarter. Creative Capital Management Investments LLC grew its stake 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 purchasing an additional 300 shares during the last quarter. ST Germain D J Co. Inc. increased its holdings in shares of Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 567 shares in the last quarter. Luken Investment Analytics LLC bought a new position in Realty Income in the 4th quarter worth approximately $40,000. Finally, Independence Bank of Kentucky lifted its holdings in 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 in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Barclays reduced 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, February 4th. Scotiabank dropped 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 note on Thursday, January 16th. Finally, UBS Group reduced their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $62.21.

Realty Income Stock Performance

NYSE O opened at $55.18 on Wednesday. The firm has a market capitalization of $48.29 billion, a P/E ratio of 52.55, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm’s fifty day moving average price is $53.86 and its two-hundred day moving average price is $58.15. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88.

Realty Income Dividend Announcement

The company also recently announced a feb 25 dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.264 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is currently 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.