American National Bank & Trust Has $666,000 Stake in Realty Income Corporation $O

Key Points

• American National Bank & Trust significantly increased its stake in Realty Income Corporation by 2,418.3% in the 2nd quarter, now holding 11,559 shares valued at approximately $666,000.
• Realty Income announced a monthly dividend increase to $0.2695, with a current yield of 5.4%, set to be paid on October 15th.
• Despite reporting a slight earnings miss of $1.05 EPS against an expectation of $1.06, Realty Income's quarterly revenue increased by 5.3% year-over-year, totaling $1.34 billion.

American National Bank & Trust grew its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 2,418.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,559 shares of the real estate investment trust's stock after buying an additional 11,100 shares during the quarter. American National Bank & Trust's holdings in Realty Income were worth $666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Revisor Wealth Management LLC lifted its holdings in shares of Realty Income by 2.3% during the 2nd quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust's stock valued at $454,000 after buying an additional 178 shares during the last quarter. N.E.W. Advisory Services LLC lifted its holdings in shares of Realty Income by 1.2% during the 1st quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock valued at $899,000 after buying an additional 186 shares during the last quarter. RB Capital Management LLC lifted its holdings in shares of Realty Income by 1.1% during the 2nd quarter. RB Capital Management LLC now owns 16,596 shares of the real estate investment trust's stock valued at $956,000 after buying an additional 187 shares during the last quarter. Associated Banc Corp lifted its holdings in shares of Realty Income by 1.9% during the 1st quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust's stock valued at $595,000 after buying an additional 192 shares during the last quarter. Finally, Westbourne Investments Inc. lifted its holdings in shares of Realty Income by 3.9% during the 1st quarter. Westbourne Investments Inc. now owns 5,300 shares of the real estate investment trust's stock valued at $307,000 after buying an additional 200 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of NYSE O opened at $60.28 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The business's 50 day moving average is $58.44 and its two-hundred day moving average is $57.23. The company has a market cap of $55.11 billion, a P/E ratio of 58.52, a P/E/G ratio of 4.57 and a beta of 0.77. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 earnings per share. On average, equities analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a $0.2695 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) annualized dividend and a yield of 5.4%. This is an increase from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio (DPR) is presently 313.59%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on O shares. Scotiabank boosted their target price on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Mizuho boosted their target price on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, September 11th. Barclays boosted their target price on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Finally, UBS Group boosted 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. Three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $62.36.

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.

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