Community Bank of Raymore Has $8.64 Million Holdings in Realty Income Corporation (NYSE:O)

Key Points

• Community Bank of Raymore increased its holdings in Realty Income Corporation by 19.7% in Q1, making it the bank's second-largest position, valued at approximately $8.6 million.
• Realty Income missed earnings expectations with an EPS of $1.05 despite reporting a revenue of $1.34 billion, which was slightly above forecasts.
• The company recently announced a dividend of $0.269 per share, with a yield of 570.0%, supporting its reputation as the "Monthly Dividend Company."

Community Bank of Raymore boosted its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 19.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,864 shares of the real estate investment trust's stock after acquiring an additional 24,467 shares during the period. Realty Income accounts for approximately 7.0% of Community Bank of Raymore's investment portfolio, making the stock its 2nd biggest position. Community Bank of Raymore's holdings in Realty Income were worth $8,636,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Northern Trust Corp increased its stake in Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after buying an additional 3,834,403 shares during the period. Nuveen LLC acquired a new stake in Realty Income during the 1st quarter worth $207,573,000. Vanguard Group Inc. boosted its stake in Realty Income by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after purchasing an additional 3,274,853 shares during the period. Centersquare Investment Management LLC boosted its stake in Realty Income by 27.0% during the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock worth $288,375,000 after purchasing an additional 1,055,840 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Realty Income by 6,002.1% in the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock worth $40,988,000 after acquiring an additional 694,983 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on O shares. Barclays reissued an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Wedbush reiterated a "neutral" rating and set a $61.00 price target on shares of Realty Income in a report on Wednesday, May 7th. Scotiabank boosted their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Finally, Stifel Nicolaus boosted their target price on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $61.73.

Realty Income Price Performance

Shares of NYSE O traded up $0.58 during midday trading on Friday, reaching $58.40. 6,239,469 shares of the company traded hands, compared to its average volume of 4,646,010. The stock's 50-day simple moving average is $57.39 and its 200-day simple moving average is $56.53. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The firm has a market cap of $53.40 billion, a PE ratio of 56.70, a PEG ratio of 4.42 and a beta of 0.76.

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 for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion for 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 revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 earnings per share. As a group, equities analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.269 per share. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date is Tuesday, September 2nd. This is an increase from Realty Income's previous monthly dividend of $0.26. Realty Income's dividend payout ratio is presently 312.62%.

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.