Stoneridge Investment Partners LLC lifted its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 435.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 82,435 shares of the real estate investment trust's stock after purchasing an additional 67,043 shares during the period. Realty Income comprises about 1.6% of Stoneridge Investment Partners LLC's investment portfolio, making the stock its 19th biggest position. Stoneridge Investment Partners LLC's holdings in Realty Income were worth $4,403,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Trust Co. of Vermont raised 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 valued at $13,540,000 after buying an additional 28,480 shares during the last quarter. Atlanta Consulting Group Advisors LLC bought a new position in shares of Realty Income during the third quarter valued at about $896,000. Code Waechter LLC purchased a new stake in shares of Realty Income during the third quarter worth about $1,308,000. Charles Schwab Investment Management Inc. grew its stake in shares of Realty Income by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust's stock worth $617,028,000 after purchasing an additional 463,286 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Realty Income by 1.4% during the 3rd quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust's stock valued at $163,921,000 after purchasing an additional 35,100 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.
O has been the topic of a number of recent analyst reports. UBS Group cut their price objective on Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a "hold" rating and a $62.00 target price on the stock. Scotiabank lowered 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 report on Thursday, January 16th. Finally, Stifel Nicolaus decreased 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. Eleven 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 stock currently has an average rating of "Hold" and a consensus price target of $61.81.
View Our Latest Research Report on O
NYSE O opened at $54.14 on Friday. The company has a 50-day moving average price of $54.08 and a 200-day moving average price of $58.29. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $47.38 billion, a P/E ratio of 51.56, a PEG ratio of 1.94 and a beta of 1.00.
The business also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be issued a $0.264 dividend. 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%.
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.
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