Country Club Bank Sells 2,220 Shares of Realty Income Co. (NYSE:O)

Country Club Bank lowered its holdings in shares of Realty Income Co. (NYSE:O) by 1.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 112,613 shares of the real estate investment trust’s stock after selling 2,220 shares during the period. Country Club Bank’s holdings in Realty Income were worth $7,064,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Realty Income by 18.3% in the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock valued at $7,290,982,000 after acquiring an additional 20,848,560 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Realty Income by 4.5% in the 2nd quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust’s stock worth $647,492,000 after purchasing an additional 531,008 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Realty Income by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust’s stock valued at $617,043,000 after purchasing an additional 413,865 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Realty Income by 2.2% during the first quarter. Daiwa Securities Group Inc. now owns 9,214,683 shares of the real estate investment trust’s stock worth $498,514,000 after buying an additional 196,635 shares during the period. Finally, APG Asset Management US Inc. raised its stake in Realty Income by 3.1% during the second quarter. APG Asset Management US Inc. now owns 8,680,325 shares of the real estate investment trust’s stock worth $454,502,000 after buying an additional 265,000 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the sale, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Realty Income Trading Down 3.1 %

NYSE:O opened at $61.32 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. Realty Income Co. has a one year low of $45.03 and a one year high of $64.88. The company has a market cap of $53.40 billion, a PE ratio of 56.78, a PEG ratio of 4.43 and a beta of 0.99. The firm has a 50-day moving average of $62.32 and a 200-day moving average of $57.36.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm posted $1.00 earnings per share. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. As a group, equities research analysts expect that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.2635 per share. This represents a yield of 5.1%. The ex-dividend date is Friday, November 1st. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on O. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a research note on Tuesday, August 6th. UBS Group boosted their price target on Realty Income from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Royal Bank of Canada raised their price objective on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Stifel Nicolaus boosted their target price on shares of Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research report on Wednesday, August 28th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus target price of $63.94.

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.