CHICAGO TRUST Co NA Purchases New Holdings in Realty Income Corporation $O

Key Points

• CHICAGO TRUST Co NA has acquired 7,752 shares of Realty Income Corporation valued at approximately $447,000, as reported in its recent SEC filing.
• Realty Income has recently increased its monthly dividend to $0.2695 per share, reflecting a yield of 5.4% and a positive change from the previous dividend of $0.27.
• The company reported $1.05 EPS for the last quarter, slightly missing the consensus estimate, with a revenue increase of 5.3% year-over-year.

CHICAGO TRUST Co NA purchased a new position in shares of Realty Income Corporation (NYSE:O - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,752 shares of the real estate investment trust's stock, valued at approximately $447,000.

Several other institutional investors also recently bought and sold shares of the company. N.E.W. Advisory Services LLC lifted its position in Realty Income by 1.2% in the first 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 purchasing an additional 186 shares during the period. RB Capital Management LLC lifted its holdings in shares of Realty Income by 1.1% in 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 period. Associated Banc Corp lifted its holdings in shares of Realty Income by 1.9% in 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 period. Westbourne Investments Inc. boosted its stake in shares of Realty Income by 3.9% in the first 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 in the last quarter. Finally, Activest Wealth Management grew its holdings in Realty Income by 28.5% during the first quarter. Activest Wealth Management now owns 1,005 shares of the real estate investment trust's stock worth $58,000 after acquiring an additional 223 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on O. Mizuho increased their price objective on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, September 11th. Barclays increased their price target on shares of Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. Scotiabank boosted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. UBS Group increased their target price on shares of Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a report on Friday, August 15th. Finally, Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $62.36.

Realty Income Stock Performance

NYSE O opened at $59.58 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The firm has a market capitalization of $54.47 billion, a P/E ratio of 57.84, a P/E/G ratio of 4.51 and a beta of 0.77. The business's 50-day simple moving average is $58.24 and its 200-day simple moving average is $57.18.

Realty Income (NYSE:O - Get Free Report) last posted 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). 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 during the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the previous year, the business posted $1.07 EPS. The company's quarterly revenue was up 5.3% on a year-over-year basis. Equities analysts predict 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. Investors 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 of this dividend is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 5.4%. Realty Income's dividend payout ratio is currently 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.

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