Commerce Bank Sells 8,602 Shares of Realty Income Co. (NYSE:O)

Commerce Bank reduced its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 34.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,622 shares of the real estate investment trust's stock after selling 8,602 shares during the quarter. Commerce Bank's holdings in Realty Income were worth $888,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lee Danner & Bass Inc. bought a new stake in shares of Realty Income in the fourth quarter worth about $28,000. Hopwood Financial Services Inc. bought a new stake in Realty Income during the 4th quarter worth approximately $29,000. Sierra Ocean LLC acquired a new stake in Realty Income during the 4th quarter worth approximately $32,000. Millstone Evans Group LLC bought a new position in Realty Income in the fourth quarter valued at approximately $34,000. Finally, BankPlus Trust Department acquired a new position in shares of Realty Income in the fourth quarter valued at approximately $37,000. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a report on Tuesday, February 25th. Stifel Nicolaus reduced their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Scotiabank lowered their price objective on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Finally, Mizuho boosted their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $62.35.

Realty Income Stock Performance

NYSE:O traded down $0.26 during mid-day trading on Friday, hitting $56.89. The stock had a trading volume of 3,852,308 shares, compared to its average volume of 5,251,376. Realty Income Co. has a twelve month low of $50.71 and a twelve month high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market cap of $50.74 billion, a price-to-earnings ratio of 54.19, a PEG ratio of 2.10 and a beta of 0.79. The company's 50 day simple moving average is $56.50 and its 200 day simple moving average is $56.34.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, February 24th. 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). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, equities research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a $0.2685 dividend. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income's payout ratio is presently 328.57%.

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.