Colonial Trust Advisors Reduces Holdings in Realty Income Corporation $O

Colonial Trust Advisors lessened its holdings in shares of Realty Income Corporation (NYSE:O) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,085 shares of the real estate investment trust’s stock after selling 413 shares during the quarter. Colonial Trust Advisors’ holdings in Realty Income were worth $2,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Victory Capital Management Inc. lifted its position in Realty Income by 5.3% during the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust’s stock valued at $23,018,000 after purchasing an additional 19,965 shares in the last quarter. Community Bank of Raymore lifted its position in shares of Realty Income by 19.7% during the 1st quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust’s stock valued at $8,636,000 after buying an additional 24,467 shares in the last quarter. Invesco Ltd. lifted its position in shares of Realty Income by 0.4% during the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust’s stock valued at $662,589,000 after buying an additional 48,024 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Realty Income during the 1st quarter valued at about $1,470,000. Finally, Keyes Stange & Wooten Wealth Management LLC lifted its position in shares of Realty Income by 95.1% during the 1st quarter. Keyes Stange & Wooten Wealth Management LLC now owns 10,319 shares of the real estate investment trust’s stock valued at $599,000 after buying an additional 5,031 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on O. Barclays reaffirmed an “overweight” rating on shares of Realty Income in a report on Tuesday, April 22nd. Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Stifel Nicolaus lifted their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, May 6th. Scotiabank lifted their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a research note on Monday, May 12th. Finally, JPMorgan Chase & Co. lowered their price objective on Realty Income from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Monday, May 5th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.73.

Realty Income Stock Down 1.0%

Shares of O stock opened at $57.89 on Tuesday. The stock has a market cap of $52.93 billion, a P/E ratio of 56.20, a PEG ratio of 4.47 and a beta of 0.76. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The company’s fifty day simple moving average is $57.41 and its two-hundred day simple moving average is $56.59.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%. Realty Income’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.269 per share. This is a positive change from Realty Income’s previous monthly dividend of $0.26. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 5.6%. Realty Income’s payout ratio is currently 312.62%.

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.