First Bank & Trust Grows Holdings in Realty Income Co. (NYSE:O)

First Bank & Trust lifted its position in shares of Realty Income Co. (NYSE:O) by 20.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,068 shares of the real estate investment trust’s stock after buying an additional 2,213 shares during the quarter. First Bank & Trust’s holdings in Realty Income were worth $707,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American National Bank bought a new stake in Realty Income during the fourth quarter valued at about $25,000. Vima LLC bought a new stake in Realty Income during the fourth quarter valued at about $25,000. Northwest Investment Counselors LLC bought a new stake in Realty Income during the first quarter valued at about $27,000. Baystate Wealth Management LLC boosted its position in Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 190 shares in the last quarter. Finally, CVA Family Office LLC bought a new stake in Realty Income during the fourth quarter valued at about $29,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of NYSE:O traded up $0.39 during trading on Friday, hitting $52.82. The stock had a trading volume of 8,379,400 shares, compared to its average volume of 5,095,532. The stock has a 50-day simple moving average of $53.63 and a two-hundred day simple moving average of $54.12. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $45.99 billion, a price-to-earnings ratio of 48.91, a price-to-earnings-growth ratio of 4.56 and a beta of 0.94. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18.

Realty Income (NYSE:O) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The firm’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. On average, equities research analysts expect that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on O. KeyCorp initiated coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Scotiabank raised their price target on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. UBS Group lowered their price target on Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a report on Friday, May 31st. Finally, Mizuho raised their price target on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $61.35.

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

About Realty Income

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.