Realty Income Corporation (NYSE:O) is Community Bank of Raymore's 2nd Largest Position

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

A number of other institutional investors have also bought and sold shares of O. Victory Capital Management Inc. lifted its holdings in shares of Realty Income by 5.3% in the 1st quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock valued at $23,018,000 after acquiring an additional 19,965 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Realty Income by 0.4% in the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock valued at $662,589,000 after acquiring an additional 48,024 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Realty Income in the 1st quarter valued at about $1,470,000. Keyes Stange & Wooten Wealth Management LLC lifted its holdings in shares of Realty Income by 95.1% in the 1st quarter. Keyes Stange & Wooten Wealth Management LLC now owns 10,319 shares of the real estate investment trust's stock valued at $599,000 after acquiring an additional 5,031 shares during the last quarter. Finally, Bridgewater Advisors Inc. bought a new position in shares of Realty Income in the 1st quarter valued at about $257,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Stifel Nicolaus increased their price target 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. UBS Group decreased their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. JPMorgan Chase & Co. decreased their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Barclays reissued an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Finally, Wedbush reissued a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Realty Income presently has an average rating of "Hold" and a consensus target price of $61.36.

Realty Income Stock Performance

Shares of NYSE:O opened at $57.69 on Wednesday. The firm has a market cap of $52.75 billion, a PE ratio of 56.01, a price-to-earnings-growth ratio of 4.04 and a beta of 0.76. The firm's 50 day simple moving average is $57.26 and its 200-day simple moving average is $56.49. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88. 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 (NYSE:O - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations 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 was up 5.3% compared to the same quarter last year. During the same period last year, the business posted $1.07 earnings per share. As a group, equities analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm also recently disclosed 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. This represents a yield of 570.0%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's dividend payout ratio (DPR) is presently 312.62%.

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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