Country Club Bank Sells 2,220 Shares of Realty Income Co. (NYSE:O)

Country Club Bank lessened its stake in shares of Realty Income Co. (NYSE:O) by 1.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,613 shares of the real estate investment trust’s stock after selling 2,220 shares during the period. Country Club Bank’s holdings in Realty Income were worth $7,064,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Pacifica Partners Inc. boosted its holdings in shares of Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 400 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in Realty Income by 69.6% in the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 217 shares during the last quarter. MFA Wealth Advisors LLC acquired a new position in shares of Realty Income during the 2nd quarter worth about $33,000. Headlands Technologies LLC bought a new stake in shares of Realty Income in the 2nd quarter valued at about $42,000. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Realty Income in the 2nd quarter valued at about $42,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Performance

NYSE:O opened at $61.32 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.88. The company has a market cap of $53.40 billion, a price-to-earnings ratio of 56.78, a PEG ratio of 4.43 and a beta of 0.99. The stock has a fifty day moving average price of $62.32 and a 200-day moving average price of $57.36.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The company’s quarterly revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.00 earnings per share. As a group, equities analysts anticipate that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.2635 dividend. This represents a dividend yield of 5.1%. The ex-dividend date is Friday, November 1st. Realty Income’s dividend payout ratio is presently 292.59%.

Analysts Set New Price Targets

A number of brokerages have weighed in on O. Royal Bank of Canada boosted their price target on Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Wedbush started coverage on Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Morgan Stanley reissued an “equal weight” rating and issued a $62.00 price objective on shares of Realty Income in a research report on Tuesday, August 6th. Finally, UBS Group lifted their target price on shares of Realty Income from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Realty Income has a consensus rating of “Hold” and an average price target of $63.94.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the transaction, the director now owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the sale, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company 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.