Chevy Chase Trust Holdings LLC Raises Stock Holdings in Realty Income Corporation $O

Chevy Chase Trust Holdings LLC increased its position in Realty Income Corporation (NYSE:O) by 3.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 477,303 shares of the real estate investment trust’s stock after buying an additional 17,945 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Realty Income worth $27,497,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norinchukin Bank The increased its stake in shares of Realty Income by 9.7% in the first quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust’s stock worth $4,929,000 after buying an additional 7,497 shares during the period. Trust Co. of Vermont increased its stake in shares of Realty Income by 2.7% in the second quarter. Trust Co. of Vermont now owns 262,700 shares of the real estate investment trust’s stock worth $15,134,000 after buying an additional 6,885 shares during the period. Victory Capital Management Inc. increased its stake in shares of Realty Income by 5.3% in the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust’s stock worth $23,018,000 after buying an additional 19,965 shares during the period. Community Bank of Raymore increased its stake in shares of Realty Income by 19.7% in the first quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust’s stock worth $8,636,000 after buying an additional 24,467 shares during the period. Finally, Venture Visionary Partners LLC increased its stake in shares of Realty Income by 6.2% in the first quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust’s stock worth $8,266,000 after buying an additional 8,297 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Realty Income

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

Wall Street Analysts Forecast Growth

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

Realty Income Stock Performance

Shares of O stock opened at $59.97 on Friday. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The stock has a market cap of $54.83 billion, a PE ratio of 58.22, a price-to-earnings-growth ratio of 4.53 and a beta of 0.78. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The company’s fifty day moving average price is $59.16 and its 200-day moving average price is $57.55.

Realty Income (NYSE:O) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 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 the consensus estimate of $1.33 billion. During the same quarter last year, the firm posted $1.07 EPS. The business’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a dividend of $0.2695 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Friday, October 31st. Realty Income’s payout ratio is 313.59%.

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.