Citizens National Bank Trust Department Sells 740 Shares of Realty Income Co. (NYSE:O)

Citizens National Bank Trust Department cut its stake in shares of Realty Income Co. (NYSE:O) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,153 shares of the real estate investment trust’s stock after selling 740 shares during the quarter. Citizens National Bank Trust Department’s holdings in Realty Income were worth $329,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rosenberg Matthew Hamilton lifted its stake in shares of Realty Income by 75.4% in the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 211 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Realty Income in the fourth quarter valued at $32,000. Creative Capital Management Investments LLC lifted its stake in shares of Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 300 shares in the last quarter. ST Germain D J Co. Inc. lifted its stake in shares of Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 567 shares in the last quarter. Finally, Luken Investment Analytics LLC bought a new position in shares of Realty Income in the fourth quarter valued at $40,000. 70.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Mizuho cut their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Scotiabank cut their target price on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Barclays dropped their price objective on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $62.00 price objective on shares of Realty Income in a research note on Monday, January 27th. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Realty Income has a consensus rating of “Hold” and an average target price of $62.21.

Realty Income Price Performance

Shares of NYSE O opened at $55.70 on Thursday. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a 50 day simple moving average of $53.84 and a two-hundred day simple moving average of $58.12. The company has a market capitalization of $48.74 billion, a price-to-earnings ratio of 53.04, a P/E/G ratio of 1.98 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income Announces Dividend

The firm also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.268 per share. Realty Income’s dividend payout ratio is 301.91%.

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.