US Bancorp DE Cuts Stock Position in Realty Income Corporation $O

US Bancorp DE lessened its stake in shares of Realty Income Corporation (NYSE:O) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 128,685 shares of the real estate investment trust’s stock after selling 2,948 shares during the period. US Bancorp DE’s holdings in Realty Income were worth $7,414,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of O. Brighton Jones LLC grew its position in Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 615 shares during the last quarter. Bison Wealth LLC purchased a new stake in Realty Income during the 4th quarter worth approximately $571,000. GAMMA Investing LLC grew its position in Realty Income by 5.2% during the 1st quarter. GAMMA Investing LLC now owns 12,180 shares of the real estate investment trust’s stock worth $707,000 after purchasing an additional 601 shares during the last quarter. Integrated Advisors Network LLC grew its position in Realty Income by 7.2% during the 1st quarter. Integrated Advisors Network LLC now owns 6,737 shares of the real estate investment trust’s stock worth $391,000 after purchasing an additional 454 shares during the last quarter. Finally, CX Institutional purchased a new stake in Realty Income during the 1st quarter worth approximately $265,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on O shares. Cantor Fitzgerald started coverage on shares of Realty Income in a research report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 target price on the stock. Scotiabank boosted their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 28th. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research note on Wednesday, October 8th. Mizuho lifted their price objective on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Finally, Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $62.25.

Realty Income Stock Performance

O opened at $58.26 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a fifty day moving average price of $58.96 and a 200 day moving average price of $57.48. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The stock has a market cap of $53.27 billion, a P/E ratio of 56.56, a P/E/G ratio of 4.45 and a beta of 0.78.

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

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a $0.2695 dividend. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Wednesday, October 1st. This is a boost from Realty Income’s previous monthly dividend of $0.27. Realty Income’s payout ratio is presently 313.59%.

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 11,000 shares of the business’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the sale, the director owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

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.