First Financial Bank Trust Division Purchases 6,429 Shares of Realty Income Corporation $O

Key Points

• First Financial Bank Trust Division increased its stake in Realty Income Corporation by 15.7%, acquiring an additional 6,429 shares, bringing its total holdings to 47,470 shares valued at approximately $2.735 million.
• Realty Income declared a monthly dividend of $0.2695, representing a 5.4% yield, up from the previous amount of $0.27, with a dividend payout ratio of 313.59%.
• The company reported a quarterly EPS of $1.05, missing expectations slightly, but achieved a revenue of $1.34 billion, which was a 5.3% increase compared to the same quarter last year.

First Financial Bank Trust Division grew its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 15.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,470 shares of the real estate investment trust's stock after buying an additional 6,429 shares during the quarter. First Financial Bank Trust Division's holdings in Realty Income were worth $2,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in O. Nuveen LLC bought a new stake in Realty Income during the first quarter worth about $207,573,000. Vanguard Group Inc. grew its stake in shares of Realty Income by 2.4% during the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock valued at $8,267,084,000 after purchasing an additional 3,274,853 shares during the last quarter. Centersquare Investment Management LLC grew its stake in shares of Realty Income by 27.0% during the first quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock valued at $288,375,000 after purchasing an additional 1,055,840 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Realty Income by 9.6% during the first quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock valued at $658,813,000 after purchasing an additional 992,303 shares during the last quarter. Finally, Adelante Capital Management LLC grew its stake in shares of Realty Income by 1,380.2% during the first quarter. Adelante Capital Management LLC now owns 860,671 shares of the real estate investment trust's stock valued at $49,928,000 after purchasing an additional 802,526 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on O. UBS Group increased their price target on shares of Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research note on Friday, August 15th. Scotiabank increased their price target on shares of Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. 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 research note on Wednesday, August 20th. Mizuho increased their price target on shares of Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday. Finally, Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. 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, Realty Income presently has a consensus rating of "Hold" and a consensus target price of $62.36.

Realty Income Trading Up 0.4%

O stock traded up $0.27 during midday trading on Friday, reaching $60.43. The company's stock had a trading volume of 3,907,410 shares, compared to its average volume of 4,977,123. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The stock has a market cap of $55.25 billion, a PE ratio of 58.67, a price-to-earnings-growth ratio of 4.62 and a beta of 0.77. 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 simple moving average is $57.92 and its 200-day simple moving average is $57.09.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the business posted $1.07 earnings per share. Realty Income's revenue was up 5.3% compared to the same quarter last year. As a group, sell-side analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a $0.2695 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This is a boost from Realty Income's previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a 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.