US Bancorp DE Has $6.93 Million Stock Holdings in Realty Income Co. (NYSE:O)

US Bancorp DE lifted its holdings in Realty Income Co. (NYSE:O) by 6.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,117 shares of the real estate investment trust’s stock after buying an additional 8,037 shares during the period. US Bancorp DE’s holdings in Realty Income were worth $6,931,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of O. SVB Wealth LLC boosted its position in Realty Income by 53.8% during the fourth quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock valued at $440,000 after purchasing an additional 2,677 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in Realty Income during the fourth quarter valued at $379,000. Dynamic Advisor Solutions LLC boosted its position in Realty Income by 82.5% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock valued at $670,000 after purchasing an additional 5,231 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in Realty Income by 15.0% during the first quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust’s stock valued at $9,301,000 after purchasing an additional 22,440 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in Realty Income by 4.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock valued at $77,124,000 after purchasing an additional 51,574 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Up 2.0 %

O stock traded up $1.14 during trading on Wednesday, hitting $57.51. The company had a trading volume of 2,958,475 shares, compared to its average volume of 6,211,347. 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 firm has a 50-day moving average price of $53.53 and a 200-day moving average price of $53.81. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The stock has a market cap of $50.08 billion, a price-to-earnings ratio of 52.97, a PEG ratio of 4.87 and a beta of 0.96.

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

Realty Income Dividend Announcement

The firm also recently announced a aug 24 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a dividend of $0.263 per share. This represents a dividend yield of 5.7%. The ex-dividend date is Thursday, August 1st. Realty Income’s payout ratio is 292.59%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on O shares. Scotiabank lifted their price objective on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. UBS Group dropped their price objective on Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. KeyCorp started coverage on Realty Income in a research note on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Finally, Mizuho lifted their price objective on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average target price of $61.35.

Realty Income Company 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.