Stoneridge Investment Partners LLC Raises Holdings in Realty Income Co. (NYSE:O)

Stoneridge Investment Partners LLC boosted its position in shares of Realty Income Co. (NYSE:O) by 435.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 82,435 shares of the real estate investment trust’s stock after acquiring an additional 67,043 shares during the period. Realty Income comprises approximately 1.6% of Stoneridge Investment Partners LLC’s investment portfolio, making the stock its 19th biggest holding. Stoneridge Investment Partners LLC’s holdings in Realty Income were worth $4,403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. WCM Investment Management LLC lifted its stake in shares of Realty Income by 268.2% in the 4th 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 last quarter. Empowered Funds LLC raised its holdings in Realty Income by 10.6% during the 4th quarter. Empowered Funds LLC now owns 16,699 shares of the real estate investment trust’s stock valued at $887,000 after buying an additional 1,598 shares during the period. Farmers & Merchants Investments Inc. lifted its position in Realty Income by 7.2% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 120,243 shares of the real estate investment trust’s stock worth $6,422,000 after buying an additional 8,119 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in Realty Income by 17.0% during the fourth quarter. Kingsview Wealth Management LLC now owns 97,806 shares of the real estate investment trust’s stock worth $5,224,000 after buying an additional 14,232 shares during the period. Finally, TFG Advisers LLC increased its position in Realty Income by 1.8% during the fourth quarter. TFG Advisers LLC now owns 14,131 shares of the real estate investment trust’s stock valued at $755,000 after acquiring an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Trading Down 0.3 %

NYSE:O opened at $54.14 on Friday. The firm has a 50-day simple moving average of $54.08 and a 200-day simple moving average of $58.29. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The firm 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 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 Announces Dividend

The business also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders 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 yield of 5.9%. Realty Income’s dividend payout ratio is currently 301.91%.

Wall Street Analyst Weigh In

A number of research firms recently commented on O. Mizuho dropped their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Scotiabank decreased their price objective 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. UBS Group decreased 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. Finally, Barclays cut their price objective on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $61.81.

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.