Realty Income Corporation $O Shares Sold by Citizens National Bank Trust Department

Citizens National Bank Trust Department lessened its holdings in Realty Income Corporation (NYSE:O) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,703 shares of the real estate investment trust’s stock after selling 200 shares during the quarter. Citizens National Bank Trust Department’s holdings in Realty Income were worth $386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Compagnie Lombard Odier SCmA acquired a new stake in shares of Realty Income during the second quarter worth about $25,000. Keystone Global Partners LLC acquired a new stake in shares of Realty Income during the first quarter worth about $26,000. PSI Advisors LLC lifted its holdings in shares of Realty Income by 78.3% during the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 252 shares during the period. FSC Wealth Advisors LLC lifted its holdings in shares of Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 455 shares during the period. Finally, Hilltop National Bank acquired a new stake in shares of Realty Income during the second quarter worth about $36,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity

In other news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director owned 19,211 shares in the company, valued at $1,160,920.73. This trade represents a 36.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on O. UBS Group lifted their target price on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Evercore ISI began coverage on Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 target price for the company. Scotiabank boosted their price target on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Barclays boosted their price target on Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a report on Wednesday, August 20th. Finally, Cantor Fitzgerald initiated coverage on Realty Income in a report on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 price target for the company. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $62.25.

Realty Income Trading Down 0.4%

Shares of NYSE:O opened at $59.65 on Wednesday. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The company has a market capitalization of $54.54 billion, a PE ratio of 57.91, a PEG ratio of 4.58 and a beta of 0.78. The business has a 50 day moving average of $58.83 and a two-hundred day moving average of $57.42. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the business earned $1.07 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.2695 per share. This is a positive change from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. Realty Income’s payout ratio is 313.59%.

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.