Chevy Chase Trust Holdings LLC Has $24.93 Million Holdings in Realty Income Co. (NYSE:O)

Chevy Chase Trust Holdings LLC raised its stake in Realty Income Co. (NYSE:O) by 13.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 460,736 shares of the real estate investment trust’s stock after buying an additional 56,345 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Realty Income were worth $24,926,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BI Asset Management Fondsmaeglerselskab A S increased its stake in Realty Income by 3.0% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,699 shares of the real estate investment trust’s stock worth $633,000 after purchasing an additional 337 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Realty Income in the first quarter valued at approximately $46,000. Rinkey Investments bought a new stake in shares of Realty Income during the first quarter worth $233,000. Mutual of America Capital Management LLC raised its holdings in shares of Realty Income by 12.1% during the first quarter. Mutual of America Capital Management LLC now owns 114,589 shares of the real estate investment trust’s stock worth $6,199,000 after acquiring an additional 12,343 shares during the period. Finally, Summit Financial Wealth Advisors LLC acquired a new position in Realty Income in the 1st quarter worth $278,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 0.6 %

Shares of NYSE:O traded up $0.30 during midday trading on Wednesday, hitting $53.06. 1,429,605 shares of the stock were exchanged, compared to its average volume of 6,253,188. The business’s 50-day moving average price is $53.49 and its 200 day moving average price is $53.89. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market capitalization of $46.20 billion, a price-to-earnings ratio of 49.04, a P/E/G ratio of 4.63 and a beta of 0.96.

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

Realty Income Announces Dividend

The company also recently announced a aug 24 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a dividend of $0.263 per share. Realty Income’s dividend payout ratio is presently 292.59%.

Analyst Upgrades and Downgrades

O has been the subject of several recent research reports. Mizuho upped 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. Scotiabank boosted their price target on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. KeyCorp assumed coverage on Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Finally, UBS Group dropped their price target on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $61.35.

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.