Realty Income Corporation $O Shares Acquired by Trust Co. of Vermont

Key Points

• Trust Co. of Vermont increased its stake in Realty Income Corporation by 2.7%, owning 262,700 shares valued at approximately $15.1 million as of the latest SEC filing.
• Several other institutional investors have also adjusted their positions, with 70.81% of Realty Income stock now held by institutional investors and hedge funds.
• Realty Income announced an increase in its monthly dividend to $0.2695 per share, reflecting a dividend yield of 5.3%, with the next payment scheduled for October 15th.

Trust Co. of Vermont raised its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 262,700 shares of the real estate investment trust's stock after acquiring an additional 6,885 shares during the quarter. Trust Co. of Vermont's holdings in Realty Income were worth $15,134,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Compagnie Lombard Odier SCmA acquired a new position in shares of Realty Income during the 2nd quarter worth about $25,000. Keystone Global Partners LLC acquired a new position in shares of Realty Income during the 1st quarter worth about $26,000. PSI Advisors LLC boosted its position in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 252 shares in the last quarter. FSC Wealth Advisors LLC boosted 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 worth $36,000 after acquiring an additional 455 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC boosted 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 worth $38,000 after acquiring an additional 303 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Barclays upped their target price on Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 20th. Scotiabank upped their target price on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. Mizuho upped their target price on Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, September 11th. Finally, UBS Group upped their target price on Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a research report on Friday, August 15th. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Realty Income has an average rating of "Hold" and a consensus target price of $62.10.

Realty Income Stock Up 0.4%

O opened at $60.78 on Wednesday. The business has a 50 day moving average price of $58.59 and a two-hundred day moving average price of $57.30. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The company has a market cap of $55.57 billion, a PE ratio of 59.01, a P/E/G ratio of 4.63 and a beta of 0.77. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate 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 net margin of 16.77% and a return on equity of 2.34%. The firm's revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.07 earnings per share. As a group, research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.2695 per share. This is a positive change from Realty Income's previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. Realty Income's dividend payout ratio (DPR) is currently 313.59%.

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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