M&T Bank Corp Lowers Stock Position in Realty Income Corporation (NYSE:O)

M&T Bank Corp trimmed its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 7.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,243 shares of the real estate investment trust's stock after selling 9,786 shares during the period. M&T Bank Corp's holdings in Realty Income were worth $6,859,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Smith Moore & CO. grew its stake in shares of Realty Income by 4.8% in the fourth quarter. Smith Moore & CO. now owns 4,432 shares of the real estate investment trust's stock worth $237,000 after acquiring an additional 201 shares in the last quarter. Kentucky Trust Co boosted its stake in shares of Realty Income by 2.6% in the 1st quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock valued at $524,000 after buying an additional 225 shares during the period. B. Riley Wealth Advisors Inc. boosted its stake in shares of Realty Income by 1.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock valued at $675,000 after buying an additional 241 shares during the period. PSI Advisors LLC raised its holdings in shares of Realty Income by 78.3% in the 1st 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 in the last quarter. Finally, Buckley Wealth Management LLC raised its holdings in shares of Realty Income by 2.7% in the 4th quarter. Buckley Wealth Management LLC now owns 9,708 shares of the real estate investment trust's stock valued at $519,000 after purchasing an additional 258 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. Scotiabank increased their price objective on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Mizuho increased their price objective on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Stifel Nicolaus increased their price objective on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Finally, Barclays reiterated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $61.15.

Realty Income Stock Performance

Shares of Realty Income stock opened at $56.98 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The firm's fifty day simple moving average is $56.74 and its 200-day simple moving average is $55.82. The stock has a market capitalization of $51.46 billion, a price-to-earnings ratio of 51.80, a PEG ratio of 4.02 and a beta of 0.75.

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

Realty Income Announces Dividend

The company also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $0.269 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a yield of 5.7%. Realty Income's dividend payout ratio is currently 293.64%.

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.

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