Truist Financial Corp Buys 82,928 Shares of Realty Income Corporation $O

Truist Financial Corp increased its stake in shares of Realty Income Corporation (NYSE:O) by 7.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,237,540 shares of the real estate investment trust’s stock after buying an additional 82,928 shares during the quarter. Truist Financial Corp owned about 0.14% of Realty Income worth $75,230,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC bought a new position in shares of Realty Income in the third quarter worth $29,000. Avion Wealth increased its holdings in Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 309 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Realty Income in the 2nd quarter valued at approximately $31,000. Country Trust Bank raised its position in shares of Realty Income by 806.5% in the 2nd quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 500 shares in the last quarter. Finally, Hilltop National Bank bought a new stake in shares of Realty Income during the 2nd quarter worth approximately $36,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on O shares. Deutsche Bank Aktiengesellschaft raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Tuesday, January 20th. Wall Street Zen raised Realty Income from a “sell” rating to a “hold” rating in a report on Monday. Wells Fargo & Company raised their price objective on Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $61.00 target price on shares of Realty Income in a research report on Thursday, December 18th. Finally, Royal Bank Of Canada increased their target price on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $62.71.

Realty Income Price Performance

Realty Income stock opened at $60.09 on Thursday. The stock has a 50-day moving average price of $58.09 and a two-hundred day moving average price of $58.32. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $61.95. The company has a market capitalization of $55.27 billion, a PE ratio of 55.63, a P/E/G ratio of 3.91 and a beta of 0.80. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The firm’s revenue was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be issued a $0.27 dividend. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Friday, January 30th. Realty Income’s dividend payout ratio is presently 300.00%.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.