Global Retirement Partners LLC Has $2.24 Million Position in Realty Income Co. (NYSE:O)

Global Retirement Partners LLC increased its holdings in shares of Realty Income Co. (NYSE:O) by 103.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,990 shares of the real estate investment trust’s stock after acquiring an additional 21,302 shares during the quarter. Global Retirement Partners LLC’s holdings in Realty Income were worth $2,243,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Rosenberg Matthew Hamilton grew its holdings 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 buying an additional 211 shares in the last quarter. Sierra Ocean LLC acquired a new position in Realty Income in the 4th quarter valued at $32,000. Creative Capital Management Investments LLC grew its holdings 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 buying an additional 300 shares in the last quarter. ST Germain D J Co. Inc. grew its holdings 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 buying an additional 567 shares in the last quarter. Finally, Luken Investment Analytics LLC acquired a new position in Realty Income in the 4th quarter valued at $40,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

Shares of O stock opened at $56.51 on Friday. 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 Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The company has a market cap of $49.46 billion, a P/E ratio of 53.82, a P/E/G ratio of 1.98 and a beta of 1.00. The business has a fifty day simple moving average of $53.85 and a 200 day simple moving average of $58.10.

Realty Income Increases Dividend

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

Analyst Ratings Changes

O has been the subject of a number of recent analyst reports. Scotiabank cut their target price on 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. Stifel Nicolaus cut their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research report on Wednesday, January 8th. UBS Group cut their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Barclays cut their target price on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research report on Monday, January 27th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $62.21.

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.