Recent Stake Acquisitions in Realty Income Co. (NYSE:O) by Marcum Wealth LLC and Other Institutional Investors

Marcum Wealth LLC Acquires Stake in Realty Income Co.

In a recent filing with the Securities & Exchange Commission, Marcum Wealth LLC disclosed that it has acquired a new stake in Realty Income Co. (NYSE:O). The firm purchased 4,124 shares of the real estate investment trust’s stock, valued at approximately $223,000. This move comes as several other institutional investors have also made changes to their positions in O.

QRG Capital Management Inc. acquired a new position in Realty Income during the third quarter, valued at approximately $1,198,000. Envestnet Portfolio Solutions Inc. and WINTON GROUP Ltd also bought new positions in the company, while V Square Quantitative Management LLC and LPL Financial LLC increased their holdings in Realty Income.

Analysts have set new price targets for Realty Income, with Mizuho, UBS Group, KeyCorp, and Scotiabank all providing their insights on the stock. Nine equities research analysts have rated the stock with a hold rating, while six have assigned a buy rating to the company.

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock, valued at $271,150. Insider activity like this can provide valuable insights into the company’s performance and future prospects.

Realty Income’s price performance has been closely watched, with the stock opening at $53.15 on Friday. The company has a 52-week low of $45.03 and a high of $64.18. Realty Income’s recent earnings results showed a revenue increase compared to the same quarter last year.

Additionally, Realty Income recently announced an increase in its dividend, which will be paid to investors in July. The company’s dividend yield is currently at 6%, representing a boost from its previous dividend.

Realty Income, known as “The Monthly Dividend Company,” is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. The company’s monthly dividends are supported by the cash flow from over 15,450 real estate properties primarily owned under long-term net lease agreements with commercial clients.

Overall, Realty Income continues to attract attention from investors and analysts alike, with its solid performance and commitment to delivering dependable dividends over time.