Community Bank & Trust Waco Texas Lowers Stake in Realty Income Co. (NYSE:O)

Community Bank & Trust Waco Texas lessened its stake in Realty Income Co. (NYSE:O) by 13.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,430 shares of the real estate investment trust’s stock after selling 1,330 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Realty Income were worth $484,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in O. Vanguard Group Inc. increased its holdings in Realty Income by 3.9% during the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after buying an additional 4,172,231 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Realty Income by 1.3% during the third quarter. Daiwa Securities Group Inc. now owns 9,271,278 shares of the real estate investment trust’s stock worth $463,007,000 after buying an additional 117,313 shares during the period. Northern Trust Corp lifted its position in Realty Income by 5.2% during the 3rd quarter. Northern Trust Corp now owns 9,163,663 shares of the real estate investment trust’s stock worth $457,633,000 after acquiring an additional 452,046 shares during the period. Legal & General Group Plc grew its stake in Realty Income by 0.5% during the 3rd quarter. Legal & General Group Plc now owns 8,882,413 shares of the real estate investment trust’s stock valued at $443,588,000 after purchasing an additional 47,437 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Realty Income by 6.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 7,153,228 shares of the real estate investment trust’s stock worth $357,228,000 after purchasing an additional 407,538 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Mizuho reduced their target price on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Royal Bank of Canada increased their target price on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Stifel Nicolaus lowered their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Finally, BMO Capital Markets started coverage on Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective for the company. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $60.96.

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Realty Income Trading Down 0.0 %

NYSE:O traded down $0.01 on Tuesday, hitting $53.32. 4,400,945 shares of the stock were exchanged, compared to its average volume of 6,836,695. The stock has a market cap of $45.92 billion, a PE ratio of 42.37, a PEG ratio of 5.50 and a beta of 0.92. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average of $52.51 and a 200-day moving average of $53.43.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.72). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. Realty Income’s revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 EPS. As a group, equities analysts expect that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.257 dividend. The ex-dividend date is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is presently 244.45%.

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.