UMB Bank n.a. Has $1.98 Million Stake in Realty Income Corporation $O

Key Points

• UMB Bank n.a. reduced its stake in Realty Income Corporation by 25.1% in Q2, now holding 34,374 shares valued at approximately $1.98 million.
• Several notable institutional investors, including Vanguard Group Inc. and Dimensional Fund Advisors LP, have increased their stakes in Realty Income, contributing to institutional ownership at 70.81%.
• Realty Income recently announced an increase in its monthly dividend to $0.2695 per share, yielding 5.5%, with a payout ratio currently at 313.59%.

UMB Bank n.a. decreased its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 25.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,374 shares of the real estate investment trust's stock after selling 11,547 shares during the period. UMB Bank n.a.'s holdings in Realty Income were worth $1,980,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Keystone Global Partners LLC bought a new position in shares of Realty Income during the 1st quarter worth about $26,000. PSI Advisors LLC increased its holdings 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 purchasing an additional 252 shares during the period. FSC Wealth Advisors LLC increased its holdings 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 purchasing an additional 455 shares during the period. Fourth Dimension Wealth LLC bought a new position in shares of Realty Income during the 4th quarter worth about $34,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings 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 purchasing an additional 303 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Performance

O stock traded up $0.29 during trading hours on Tuesday, reaching $59.35. The stock had a trading volume of 1,816,602 shares, compared to its average volume of 5,524,051. The stock has a market capitalization of $54.26 billion, a PE ratio of 57.60, a price-to-earnings-growth ratio of 4.52 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. The stock has a 50-day simple moving average of $58.18 and a 200 day simple moving average of $57.16. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88.

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

Realty Income Increases Dividend

The business 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. The ex-dividend date is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. This is a boost from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio is 313.59%.

Analysts Set New Price Targets

O has been the topic of several research reports. Mizuho boosted their price objective on shares of Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, September 11th. UBS Group boosted their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Scotiabank boosted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Finally, Barclays upped their target price 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 equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, Realty Income currently has a consensus rating of "Hold" and an average target price of $62.36.

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.