Realty Income Corporation $O Shares Bought by First Bank & Trust

Key Points

• First Bank & Trust increased its stake in Realty Income Corporation by 23.6%, owning 42,802 shares worth approximately $2.47 million after acquiring additional shares during the second quarter.
• Realty Income recently increased its monthly dividend to $0.2695, with a current dividend yield of 5.4% and a payout ratio of 313.59%.
• Analysts have varying ratings for Realty Income shares, with an average target price of $62.36 and three analysts rating the stock as a Buy.

First Bank & Trust grew its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 23.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 42,802 shares of the real estate investment trust's stock after purchasing an additional 8,169 shares during the period. First Bank & Trust's holdings in Realty Income were worth $2,466,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Realty Income by 2.4% during the first quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after buying an additional 3,274,853 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Realty Income by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust's stock valued at $702,381,000 after buying an additional 451,307 shares in the last quarter. Invesco Ltd. lifted its position in shares of Realty Income by 0.4% during 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 period. Raymond James Financial Inc. boosted its stake in shares of Realty Income by 9.6% during the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock worth $658,813,000 after acquiring an additional 992,303 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Realty Income by 1.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust's stock worth $586,644,000 after acquiring an additional 123,501 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Performance

Shares of NYSE:O opened at $60.21 on Tuesday. The business has a 50-day moving average of $57.98 and a two-hundred day moving average of $57.11. The firm has a market capitalization of $55.05 billion, a PE ratio of 58.46, a P/E/G ratio of 4.62 and a beta of 0.77. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business's revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.07 earnings per share. As a group, research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be given a $0.2695 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This is an increase from Realty Income's previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.4%. Realty Income's dividend payout ratio (DPR) is currently 313.59%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on O. Barclays lifted their price objective on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Mizuho lifted their price target on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Scotiabank increased their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research note on Thursday, August 28th. UBS Group raised their target price on shares of Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a report on Friday, August 15th. Finally, Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $62.36.

About Realty Income

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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