Harbour Trust & Investment Management Co Has $546,000 Holdings in Realty Income Co. (NYSE:O)

Harbour Trust & Investment Management Co decreased its position in Realty Income Co. (NYSE:O) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,223 shares of the real estate investment trust’s stock after selling 903 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Realty Income were worth $546,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Rosenberg Matthew Hamilton lifted its stake 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 acquiring an additional 211 shares in the last quarter. Creative Capital Management Investments LLC lifted its position in shares of Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares in the last quarter. ST Germain D J Co. Inc. boosted its holdings in Realty Income by 306.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 567 shares during the last quarter. Luken Investment Analytics LLC bought a new position in Realty Income in the fourth quarter valued at $40,000. Finally, Independence Bank of Kentucky increased its stake in Realty Income by 54.5% in the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 300 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

O has been the subject of a number of recent research reports. 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 dropped their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Scotiabank decreased their target price 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 price target on shares of Realty Income in a research report on Monday, January 27th. Finally, Barclays decreased their price objective on shares of 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. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $61.81.

Realty Income Price Performance

Realty Income stock opened at $54.14 on Monday. The company has a market capitalization of $47.38 billion, a price-to-earnings ratio of 51.56, a PEG ratio of 1.94 and a beta of 1.00. The stock’s 50 day moving average is $54.08 and its 200-day moving average is $58.29. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income Dividend Announcement

The company also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued 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%.

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.