Realty Income Co. (NYSE:O) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lessened its holdings in shares of Realty Income Co. (NYSE:O) by 11.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,069 shares of the real estate investment trust’s stock after selling 6,534 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Realty Income were worth $2,875,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Baystate Wealth Management LLC grew its holdings in Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares during the period. Pinnacle Bancorp Inc. boosted its position in Realty Income by 5.2% during the third quarter. Pinnacle Bancorp Inc. now owns 4,119 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 202 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in Realty Income by 24.9% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,043 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 208 shares in the last quarter. Caprock Group LLC boosted its position in Realty Income by 3.4% during the fourth quarter. Caprock Group LLC now owns 6,964 shares of the real estate investment trust’s stock worth $402,000 after purchasing an additional 231 shares in the last quarter. Finally, Jeppson Wealth Management LLC boosted its position in Realty Income by 1.6% during the third quarter. Jeppson Wealth Management LLC now owns 15,094 shares of the real estate investment trust’s stock worth $754,000 after purchasing an additional 243 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

O has been the topic of a number of research analyst reports. BMO Capital Markets initiated coverage on Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 target price on the stock. Mizuho decreased their target price on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Royal Bank of Canada upped their price objective on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, January 11th. Stifel Nicolaus reduced their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Finally, StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average price target of $60.96.

Realty Income Stock Performance

NYSE O opened at $53.34 on Tuesday. The business’s 50-day moving average price is $52.51 and its 200 day moving average price is $53.43. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18. The company has a market capitalization of $45.93 billion, a PE ratio of 42.33, a price-to-earnings-growth ratio of 5.50 and a beta of 0.92. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the company posted $1.00 earnings per share. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. On average, research analysts predict that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.257 per share. The ex-dividend date 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 Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

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.