Realty Income Corporation $O Shares Sold by UMB Bank n.a.

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. cut its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 25.1% in the second quarter, according to its most recent disclosure with the SEC. The firm 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.

Other large investors also recently added to or reduced their stakes in the company. Norinchukin Bank The raised its position in Realty Income by 9.7% during the first quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust's stock worth $4,929,000 after acquiring an additional 7,497 shares during the period. Victory Capital Management Inc. raised its position in Realty Income by 5.3% during the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock worth $23,018,000 after acquiring an additional 19,965 shares during the period. Community Bank of Raymore raised its position in Realty Income by 19.7% during the first quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust's stock worth $8,636,000 after acquiring an additional 24,467 shares during the period. Venture Visionary Partners LLC raised its position in shares of Realty Income by 6.2% in the first quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust's stock valued at $8,266,000 after buying an additional 8,297 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Realty Income by 0.4% in the first quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock valued at $662,589,000 after buying an additional 48,024 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Trading Down 0.1%

O stock traded down $0.08 during mid-day trading on Monday, hitting $59.08. 5,905,077 shares of the company were exchanged, compared to its average volume of 5,543,323. 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 firm has a market capitalization of $54.01 billion, a P/E ratio of 57.36, a PEG ratio of 4.52 and a beta of 0.77. The business has a fifty day simple moving average of $58.17 and a 200-day simple moving average of $57.16. 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 announced its earnings results 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). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same period last year, the business earned $1.07 EPS. The company's quarterly revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal 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 paid a $0.2695 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This is a positive change from Realty Income's previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.5%. Realty Income's payout ratio is 313.59%.

Analysts Set New Price Targets

O has been the subject of a number of recent research reports. Mizuho increased their target price on shares of Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, September 11th. Scotiabank increased their target price on shares of Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a research report on Thursday, August 28th. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Barclays upped their price objective on shares of Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. Finally, UBS Group upped their price objective 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. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Realty Income presently has an average rating of "Hold" and an average price target 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.