First National Trust Co Reduces Stake in Realty Income Co. (NYSE:O)

First National Trust Co lowered its stake in shares of Realty Income Co. (NYSE:O) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,236 shares of the real estate investment trust’s stock after selling 345 shares during the period. First National Trust Co’s holdings in Realty Income were worth $990,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of O. Baystate Wealth Management LLC lifted its stake in Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Realty Income by 24.9% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,043 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 208 shares in the last quarter. Bank of New Hampshire lifted its position in shares of Realty Income by 23.3% during the fourth quarter. Bank of New Hampshire now owns 1,100 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 208 shares in the last quarter. Caprock Group LLC lifted its position in shares of Realty Income by 3.4% during the fourth quarter. Caprock Group LLC now owns 6,964 shares of the real estate investment trust’s stock worth $402,000 after acquiring an additional 231 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT increased its holdings in shares of Realty Income by 0.8% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 29,877 shares of the real estate investment trust’s stock worth $1,716,000 after purchasing an additional 236 shares during the period. Institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on O. Royal Bank of Canada upped their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, January 11th. Stifel Nicolaus decreased their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. BMO Capital Markets assumed coverage on shares of Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target on the stock. Mizuho reduced their target price on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and a consensus target price of $60.96.

Realty Income Trading Up 0.6 %

Shares of Realty Income stock traded up $0.35 during trading on Friday, reaching $55.26. 9,076,566 shares of the stock were exchanged, compared to its average volume of 5,836,093. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. The stock’s fifty day moving average is $52.83 and its 200 day moving average is $53.61. The firm has a market cap of $47.59 billion, a price-to-earnings ratio of 43.86, a price-to-earnings-growth ratio of 5.73 and a beta of 0.92. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the business earned $1.00 earnings per share. The business’s quarterly revenue was up 21.1% on a year-over-year basis. As a group, equities research analysts expect that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.257 dividend. The ex-dividend date is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is presently 244.45%.

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.