Town & Country Bank & Trust CO dba First Bankers Trust CO Has $675,000 Stake in Realty Income Co. (NYSE:O)

Town & Country Bank & Trust CO dba First Bankers Trust CO raised its position in shares of Realty Income Co. (NYSE:O) by 25.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,475 shares of the real estate investment trust’s stock after purchasing an additional 2,565 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Realty Income were worth $675,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Realty Income in the 3rd quarter worth approximately $243,000. Profund Advisors LLC grew its position in Realty Income by 2.5% in the third quarter. Profund Advisors LLC now owns 10,423 shares of the real estate investment trust’s stock worth $521,000 after acquiring an additional 250 shares in the last quarter. Operose Advisors LLC acquired a new position in shares of Realty Income during the 3rd quarter worth $30,000. O Shaughnessy Asset Management LLC raised its holdings in shares of Realty Income by 11.6% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 15,124 shares of the real estate investment trust’s stock valued at $755,000 after purchasing an additional 1,569 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its holdings in shares of Realty Income by 1.9% during the 3rd quarter. Treasurer of the State of North Carolina now owns 313,842 shares of the real estate investment trust’s stock valued at $15,673,000 after purchasing an additional 5,738 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated 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 sale, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on O shares. KeyCorp initiated coverage on shares of Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Scotiabank raised their target price on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. Mizuho boosted their price objective on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, UBS Group decreased their target price on Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $61.35.

Realty Income Stock Performance

Realty Income stock traded up $0.39 on Friday, hitting $52.82. The company’s stock had a trading volume of 8,379,400 shares, compared to its average volume of 5,095,532. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18. The firm has a market cap of $45.99 billion, a P/E ratio of 48.91, a price-to-earnings-growth ratio of 4.60 and a beta of 0.94. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The company has a fifty day moving average price of $53.63 and a 200-day moving average price of $54.12.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business’s revenue was up 33.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 EPS. On average, equities analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently announced a jul 24 dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a dividend of $0.263 per share. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Monday, July 1st. This is an increase from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is 291.67%.

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.