Midwest Trust Co Invests $207,000 in Realty Income Corporation $O

Midwest Trust Co bought a new position in Realty Income Corporation (NYSE:O) during the second quarter, according to its most recent filing with the SEC. The firm bought 3,585 shares of the real estate investment trust’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nuveen LLC acquired a new position in Realty Income during the first quarter worth $207,573,000. Vanguard Group Inc. increased its position in shares of Realty Income by 2.4% during the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock worth $8,267,084,000 after acquiring an additional 3,274,853 shares in the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Realty Income by 27.0% in the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust’s stock worth $288,375,000 after acquiring an additional 1,055,840 shares during the last quarter. Raymond James Financial Inc. lifted its position in Realty Income by 9.6% in the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust’s stock valued at $658,813,000 after acquiring an additional 992,303 shares in the last quarter. Finally, Adelante Capital Management LLC boosted its stake in Realty Income by 1,380.2% during the 1st quarter. Adelante Capital Management LLC now owns 860,671 shares of the real estate investment trust’s stock valued at $49,928,000 after purchasing an additional 802,526 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the sale, the director directly owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.10% of the company’s stock.

Realty Income Price Performance

Shares of NYSE:O opened at $56.60 on Friday. The company has a market capitalization of $52.06 billion, a P/E ratio of 54.95, a price-to-earnings-growth ratio of 4.46 and a beta of 0.77. The company’s 50-day moving average is $59.10 and its 200 day moving average is $57.85. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $61.08.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, equities research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be paid a $0.2695 dividend. The ex-dividend date is Friday, November 28th. This represents a c) annualized dividend and a yield of 5.7%. Realty Income’s dividend payout ratio is presently 299.07%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on O shares. Mizuho increased their price objective on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Scotiabank increased their price target on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Royal Bank Of Canada raised their price objective on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Cantor Fitzgerald reduced their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, Wall Street Zen upgraded shares of Realty Income from a “strong sell” rating to a “hold” rating in a report on Monday. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.33.

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.