Realty Income Co. (NYSE:O) Shares Sold by First County Bank CT

First County Bank CT lowered its holdings in shares of Realty Income Co. (NYSE:O) by 13.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,573 shares of the real estate investment trust’s stock after selling 1,212 shares during the quarter. First County Bank CT’s holdings in Realty Income were worth $404,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lantz Financial LLC purchased a new position in Realty Income during the second quarter worth $234,000. TD Asset Management Inc boosted its stake in shares of Realty Income by 5.7% during the 2nd quarter. TD Asset Management Inc now owns 398,935 shares of the real estate investment trust’s stock worth $21,072,000 after purchasing an additional 21,466 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Realty Income by 4.5% during the second quarter. Victory Capital Management Inc. now owns 803,158 shares of the real estate investment trust’s stock worth $42,423,000 after buying an additional 34,304 shares in the last quarter. New York Life Investment Management LLC raised its position in shares of Realty Income by 5.1% in the second quarter. New York Life Investment Management LLC now owns 120,280 shares of the real estate investment trust’s stock valued at $6,353,000 after buying an additional 5,864 shares during the last quarter. Finally, Candriam S.C.A. lifted its stake in shares of Realty Income by 13.4% during the second quarter. Candriam S.C.A. now owns 47,954 shares of the real estate investment trust’s stock valued at $2,533,000 after buying an additional 5,662 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on O shares. Stifel Nicolaus lowered their target price on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Royal Bank of Canada dropped their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Mizuho lowered Realty Income from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $64.00 to $60.00 in a research note on Thursday, November 14th. Wells Fargo & Company reiterated an “equal weight” rating and set a $65.00 price objective (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $63.23.

Realty Income Stock Down 0.4 %

NYSE:O traded down $0.20 during mid-day trading on Tuesday, hitting $52.53. The company had a trading volume of 3,483,310 shares, compared to its average volume of 4,819,884. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The business has a fifty day simple moving average of $55.94 and a 200-day simple moving average of $58.39. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $45.97 billion, a price-to-earnings ratio of 50.03, a PEG ratio of 2.05 and a beta of 1.00.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period last year, the firm posted $1.02 earnings per share. The business’s revenue was up 28.1% on a year-over-year basis. Equities analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.264 per share. This is an increase from Realty Income’s previous jan 25 dividend of $0.26. The ex-dividend date is Thursday, January 2nd. This represents a yield of 5.7%. Realty Income’s payout ratio is 300.95%.

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.