Pinnacle Bancorp Inc. Has $313,000 Stock Holdings in Realty Income Co. (NYSE:O)

Pinnacle Bancorp Inc. raised its stake in Realty Income Co. (NYSE:O) by 40.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,780 shares of the real estate investment trust’s stock after buying an additional 1,660 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Realty Income were worth $313,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC increased its stake in Realty Income by 53.8% in the 4th quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock valued at $440,000 after buying an additional 2,677 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of Realty Income during the 4th quarter worth $379,000. Dynamic Advisor Solutions LLC increased its stake in shares of Realty Income by 82.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock worth $670,000 after purchasing an additional 5,231 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Realty Income by 4.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock worth $77,124,000 after purchasing an additional 51,574 shares during the last quarter. Finally, LexAurum Advisors LLC acquired a new position in shares of Realty Income during the 4th quarter worth $203,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

O traded up $0.39 during midday trading on Friday, hitting $52.82. The company had a trading volume of 8,361,814 shares, compared to its average volume of 6,405,255. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The company has a market capitalization of $45.99 billion, a PE ratio of 48.91, a P/E/G ratio of 4.58 and a beta of 0.94. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18. The firm’s 50-day simple moving average is $53.63 and its 200-day simple moving average is $54.13.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.87). The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS. Equities research analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a jul 24 dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a $0.263 dividend. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Monday, July 1st. This is a positive change from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is 291.67%.

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction 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.

Analyst Ratings Changes

Several research firms recently issued reports on O. Scotiabank upped their price objective on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Mizuho upped their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, May 10th. KeyCorp began coverage on shares of Realty Income in a report on Wednesday, June 12th. They set a “sector weight” rating for the company. Finally, UBS Group decreased their price objective on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a report on Friday, May 31st. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $61.35.

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.