Fulton Bank N.A. Increases Position in Realty Income Co. (NYSE:O)

Fulton Bank N.A. raised its holdings in shares of Realty Income Co. (NYSE:O) by 84.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,792 shares of the real estate investment trust’s stock after buying an additional 13,175 shares during the period. Fulton Bank N.A.’s holdings in Realty Income were worth $1,521,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of O. American National Bank bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $25,000. Vima LLC bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $25,000. Baystate Wealth Management LLC raised its stake in shares of 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 acquiring an additional 190 shares in the last quarter. WASHINGTON TRUST Co raised its stake in shares of Realty Income by 65.7% during the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 197 shares in the last quarter. Finally, Northwest Investment Counselors LLC bought a new position in Realty Income in the first quarter worth approximately $27,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O traded up $1.26 during mid-day trading on Tuesday, hitting $60.44. 9,099,301 shares of the company were exchanged, compared to its average volume of 6,171,235. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $61.35. 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 50 day moving average of $54.55 and a 200-day moving average of $53.77. The stock has a market cap of $52.63 billion, a price-to-earnings ratio of 55.96, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The firm’s revenue was up 31.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 EPS. Analysts expect that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.263 dividend. The ex-dividend date is Thursday, August 1st. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 291.67%.

Wall Street Analyst Weigh In

O has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on shares of Realty Income from $65.00 to $67.50 and gave the stock a “buy” rating in a research note on Tuesday. Mizuho lifted their price target 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. Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a report on Tuesday. Scotiabank lifted their price target 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. Finally, Robert W. Baird lifted their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus target price of $61.29.

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.