Ieq Capital LLC Trims Stock Holdings in Realty Income Co. (NYSE:O)

Ieq Capital LLC reduced its stake in shares of Realty Income Co. (NYSE:O) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,512 shares of the real estate investment trust’s stock after selling 735 shares during the period. Ieq Capital LLC’s holdings in Realty Income were worth $1,630,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Rosenberg Matthew Hamilton lifted 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 worth $31,000 after purchasing an additional 211 shares in the last quarter. Sierra Ocean LLC purchased a new position in shares of Realty Income in the fourth quarter worth $32,000. Creative Capital Management Investments LLC lifted its holdings 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 buying an additional 300 shares in the last quarter. ST Germain D J Co. Inc. boosted its position in shares of 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 acquiring an additional 567 shares during the last quarter. Finally, Luken Investment Analytics LLC purchased a new position in shares of Realty Income during the fourth quarter valued at about $40,000. 70.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

O has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $62.00 target price on shares of Realty Income in a report on Monday, January 27th. UBS Group decreased their price target 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. Scotiabank dropped 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. Finally, Barclays decreased 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 report on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $62.21.

Realty Income Trading Up 1.1 %

O stock opened at $57.14 on Monday. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The firm’s 50-day moving average is $53.92 and its 200 day moving average is $58.05. The company has a market capitalization of $50.01 billion, a PE ratio of 54.41, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income Increases Dividend

The firm also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.268 per share. This represents a yield of 5.7%. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date is Monday, March 3rd. Realty Income’s dividend payout ratio is presently 305.71%.

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.