Savant Capital LLC Sells 2,502 Shares of Realty Income Co. (NYSE:O)

Savant Capital LLC decreased its position in Realty Income Co. (NYSE:O) by 12.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 18,300 shares of the real estate investment trust’s stock after selling 2,502 shares during the period. Savant Capital LLC’s holdings in Realty Income were worth $977,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Newbridge Financial Services Group Inc. purchased a new stake in shares of Realty Income during the fourth quarter valued at approximately $487,000. Kestra Private Wealth Services LLC grew its stake in Realty Income by 158.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 108,870 shares of the real estate investment trust’s stock valued at $5,815,000 after purchasing an additional 66,727 shares during the period. Stoneridge Investment Partners LLC increased its position in shares of Realty Income by 435.6% during the 4th quarter. Stoneridge Investment Partners LLC now owns 82,435 shares of the real estate investment trust’s stock valued at $4,403,000 after purchasing an additional 67,043 shares during the last quarter. WCM Investment Management LLC increased its position in shares of Realty Income by 268.2% during 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. Finally, Empowered Funds LLC raised its stake in shares of 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 worth $887,000 after purchasing an additional 1,598 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE:O opened at $54.53 on Friday. The company has a 50 day moving average of $53.93 and a 200 day moving average of $58.20. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $47.73 billion, a P/E ratio of 51.93, a P/E/G ratio of 1.94 and a beta of 1.00. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income Announces Dividend

The firm also recently disclosed a feb 25 dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a $0.264 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is presently 300.95%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and set a $62.00 price target on shares of Realty Income in a research note on Monday, January 27th. Scotiabank dropped their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. UBS Group decreased their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Finally, Mizuho dropped their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.21.

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.