LMG Wealth Partners LLC Takes $3.97 Million Position in Realty Income Co. (NYSE:O)

LMG Wealth Partners LLC bought a new position in shares of Realty Income Co. (NYSE:O) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 74,245 shares of the real estate investment trust’s stock, valued at approximately $3,965,000.

Several other hedge funds have also recently bought and sold shares of the company. Trust Co. of Vermont increased its holdings in Realty Income by 12.7% during the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after purchasing an additional 28,480 shares during the period. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of Realty Income in the 3rd quarter valued at approximately $896,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after purchasing an additional 463,286 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Realty Income by 6.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock worth $93,850,000 after purchasing an additional 101,184 shares during the last quarter. Finally, Swiss National Bank grew its stake in shares of Realty Income by 1.4% during the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock worth $163,921,000 after purchasing an additional 35,100 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O opened at $55.70 on Thursday. The company has a market capitalization of $48.74 billion, a price-to-earnings ratio of 53.04, a price-to-earnings-growth ratio of 1.95 and a beta of 1.00. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The firm has a 50-day simple moving average of $53.84 and a 200-day simple moving average of $58.12. 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 mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.268 dividend. Realty Income’s dividend payout ratio (DPR) is currently 300.95%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays decreased their price target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft started 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. Scotiabank cut their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. UBS Group lowered their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Finally, Stifel Nicolaus dropped their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus target price 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.