Heartland Bank & Trust Co Takes $434,000 Position in Realty Income Corporation (NYSE:O)

Heartland Bank & Trust Co bought a new stake in shares of Realty Income Corporation (NYSE:O - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,480 shares of the real estate investment trust's stock, valued at approximately $434,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lee Danner & Bass Inc. bought a new position in shares of Realty Income during the fourth quarter valued at about $28,000. Hopwood Financial Services Inc. purchased a new position in Realty Income in the 4th quarter worth approximately $29,000. PSI Advisors LLC lifted its position in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 252 shares during the last quarter. Millstone Evans Group LLC bought a new stake in Realty Income in the fourth quarter valued at approximately $34,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Realty Income during the fourth quarter valued at approximately $34,000. Institutional investors own 70.81% of the company's stock.

Realty Income Stock Down 1.5%

O traded down $0.87 during trading on Wednesday, reaching $57.11. The stock had a trading volume of 8,463,253 shares, compared to its average volume of 5,238,576. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $51.57 billion, a price-to-earnings ratio of 51.92, a P/E/G ratio of 4.05 and a beta of 0.76. The stock's 50 day moving average is $56.80 and its two-hundred day moving average is $55.61. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the business earned $1.03 EPS. Realty Income's quarterly revenue was up 9.5% compared to the same quarter last year. As a group, analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a $0.269 dividend. This is a boost from Realty Income's previous jul 25 dividend of $0.27. This represents a dividend yield of 5.6%. The ex-dividend date is Tuesday, July 1st. Realty Income's payout ratio is currently 292.73%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. UBS Group reduced their price target on Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Stifel Nicolaus increased their price objective on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a research report on Tuesday, February 25th. Finally, Mizuho raised their price target on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $61.15.

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.