First Hawaiian Bank Has $490,000 Holdings in Realty Income Co. (NYSE:O)

First Hawaiian Bank trimmed its position in shares of Realty Income Co. (NYSE:O) by 10.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,282 shares of the real estate investment trust’s stock after selling 1,076 shares during the period. First Hawaiian Bank’s holdings in Realty Income were worth $490,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. American National Bank bought a new stake in shares of Realty Income in the 4th quarter valued at about $25,000. Vima LLC bought a new position in Realty Income in the 4th quarter valued at about $25,000. WASHINGTON TRUST Co boosted its stake in Realty Income by 65.7% during the 1st quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 197 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in Realty Income during the 1st quarter worth approximately $27,000. Finally, Baystate Wealth Management LLC lifted its holdings in shares of 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 in the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Performance

Shares of O traded up $2.08 during trading hours on Tuesday, hitting $61.26. The stock had a trading volume of 5,686,803 shares, compared to its average volume of 6,148,525. The stock has a fifty day moving average price of $54.55 and a 200 day moving average price of $53.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The firm has a market capitalization of $53.34 billion, a PE ratio of 55.23, a PEG ratio of 5.05 and a beta of 0.96. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $61.35.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the company earned $1.00 EPS. Realty Income’s revenue for the quarter was up 31.4% compared to the same quarter last year. Analysts anticipate that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a $0.263 dividend. This represents a yield of 5.7%. The ex-dividend date is Thursday, August 1st. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

Wall Street Analyst Weigh In

O has been the subject of a number of research analyst reports. Robert W. Baird raised their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday. UBS Group raised their target price on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. KeyCorp began coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating for the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a report on Tuesday. Finally, Mizuho upped their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $61.29.

Realty Income Profile

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.