First Financial Bankshares Inc Sells 829 Shares of Realty Income Co. (NYSE:O)

First Financial Bankshares Inc lessened its position in Realty Income Co. (NYSE:O) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,401 shares of the real estate investment trust’s stock after selling 829 shares during the period. First Financial Bankshares Inc’s holdings in Realty Income were worth $10,062,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of O. OneDigital Investment Advisors LLC boosted its position in Realty Income by 36.0% during the third quarter. OneDigital Investment Advisors LLC now owns 14,064 shares of the real estate investment trust’s stock worth $892,000 after purchasing an additional 3,720 shares during the period. Empowered Funds LLC boosted its holdings in shares of Realty Income by 2.9% during the third quarter. Empowered Funds LLC now owns 15,101 shares of the real estate investment trust’s stock worth $954,000 after acquiring an additional 428 shares during the period. Natixis Advisors LLC increased its stake in shares of Realty Income by 6.5% during the third quarter. Natixis Advisors LLC now owns 302,343 shares of the real estate investment trust’s stock worth $19,175,000 after purchasing an additional 18,409 shares during the period. Windle Wealth LLC boosted its stake in Realty Income by 1.2% in the 3rd quarter. Windle Wealth LLC now owns 116,466 shares of the real estate investment trust’s stock valued at $7,386,000 after purchasing an additional 1,326 shares during the period. Finally, Pathstone Holdings LLC increased its position in Realty Income by 14.0% during the 3rd quarter. Pathstone Holdings LLC now owns 76,316 shares of the real estate investment trust’s stock worth $4,840,000 after buying an additional 9,358 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Trading Down 0.0 %

Shares of O stock opened at $56.96 on Wednesday. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The stock’s fifty day moving average price is $55.28 and its two-hundred day moving average price is $57.60. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $50.78 billion, a PE ratio of 54.24, a P/E/G ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Equities analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. This represents a yield of 5.7%. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. Realty Income’s dividend payout ratio is currently 328.57%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on O. Scotiabank reduced their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Stifel Nicolaus cut their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a report on Tuesday, February 25th. Barclays lifted their price target on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 4th. Finally, Mizuho reduced their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $62.04.

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.