Realty Income Corporation $O Holdings Reduced by Community Bank of Raymore

Key Points

• Community Bank of Raymore reduced its stake in Realty Income Corporation by 4.2%, holding 142,676 shares worth approximately $8.22 million, making it their third largest investment.
• Realty Income announced a monthly dividend of $0.2695, which will be paid on November 14th to shareholders of record on October 31st, representing an annual yield of 5.4%.
• The company's recent earnings report revealed <$1.05> earnings per share, slightly missing expectations, but with a 5.3% year-over-year revenue growth to $1.34 billion.

Community Bank of Raymore trimmed its holdings in Realty Income Corporation (NYSE:O - Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 142,676 shares of the real estate investment trust's stock after selling 6,188 shares during the quarter. Realty Income accounts for approximately 6.1% of Community Bank of Raymore's investment portfolio, making the stock its 3rd biggest holding. Community Bank of Raymore's holdings in Realty Income were worth $8,220,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA acquired a new stake in shares of Realty Income during the 2nd quarter valued at about $25,000. Keystone Global Partners LLC acquired a new stake in shares of Realty Income during the 1st quarter valued at about $26,000. FSC Wealth Advisors LLC grew its position in shares of Realty Income by 288.0% during the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 455 shares during the period. Hilltop National Bank acquired a new stake in shares of Realty Income during the 2nd quarter valued at about $36,000. Finally, CBIZ Investment Advisory Services LLC grew its position in shares of Realty Income by 87.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 303 shares during the period. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Trading Up 1.1%

Shares of Realty Income stock opened at $59.97 on Monday. The firm has a market capitalization of $54.83 billion, a PE ratio of 58.22, a P/E/G ratio of 4.58 and a beta of 0.78. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The firm's 50-day moving average price is $59.16 and its 200 day moving average price is $57.56. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 earnings per share. On average, sell-side analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be paid a $0.2695 dividend. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Friday, October 31st. Realty Income's dividend payout ratio (DPR) is 313.59%.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the transaction, the director directly owned 19,211 shares of the company's stock, valued at $1,160,920.73. This trade represents a 36.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on O shares. Evercore ISI started coverage on Realty Income in a research report on Wednesday, October 1st. They set an "in-line" rating and a $62.00 target price on the stock. Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Cantor Fitzgerald started coverage on Realty Income in a research report on Wednesday, October 1st. They set a "neutral" rating and a $64.00 target price on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Realty Income in a research report on Wednesday, October 8th. Finally, Barclays raised 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. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of "Hold" and an average price target of $62.25.

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.

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