Truist Financial Corp Sells 100,676 Shares of Realty Income Co. (NYSE:O)

Truist Financial Corp decreased its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 10.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 823,700 shares of the real estate investment trust's stock after selling 100,676 shares during the quarter. Truist Financial Corp owned about 0.11% of Realty Income worth $47,297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. SVB Wealth LLC lifted its holdings in Realty Income by 53.8% in the 4th quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust's stock worth $440,000 after buying an additional 2,677 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in Realty Income by 82.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust's stock worth $670,000 after buying an additional 5,231 shares in the last quarter. LexAurum Advisors LLC acquired a new position in Realty Income in the 4th quarter worth $203,000. Vest Financial LLC lifted its holdings in Realty Income by 50.3% in the 4th quarter. Vest Financial LLC now owns 540,531 shares of the real estate investment trust's stock worth $31,037,000 after buying an additional 180,974 shares in the last quarter. Finally, Sowell Financial Services LLC lifted its holdings in Realty Income by 21.0% in the 4th quarter. Sowell Financial Services LLC now owns 21,230 shares of the real estate investment trust's stock worth $1,224,000 after buying an additional 3,681 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Trading Down 0.2 %

Realty Income stock traded down $0.09 during midday trading on Friday, reaching $53.71. The stock had a trading volume of 6,861,575 shares, compared to its average volume of 5,076,704. The firm's fifty day simple moving average is $52.65 and its two-hundred day simple moving average is $53.52. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $46.25 billion, a price-to-earnings ratio of 42.63, a PEG ratio of 5.57 and a beta of 0.92.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by ($0.72). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The company's quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the business earned $1.00 EPS. Equities analysts anticipate that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.257 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income's dividend payout ratio (DPR) is presently 244.45%.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of the business's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on O shares. BMO Capital Markets started coverage on shares of Realty Income in a research note on Tuesday, February 13th. They issued a "market perform" rating and a $57.00 price target on the stock. StockNews.com upgraded shares of Realty Income from a "sell" rating to a "hold" rating in a research note on Thursday, February 8th. Mizuho dropped their price target on shares of Realty Income from $60.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, March 7th. Royal Bank of Canada raised their price target on shares of Realty Income from $58.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, January 11th. Finally, Stifel Nicolaus dropped their price target on shares of Realty Income from $67.75 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, February 21st. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $60.96.

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.