Realty Income Co. (NYSE:O) Stock Holdings Lowered by Security National Bank of SO Dak

Security National Bank of SO Dak trimmed its holdings in shares of Realty Income Co. (NYSE:O) by 3.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,170 shares of the real estate investment trust’s stock after selling 1,065 shares during the period. Security National Bank of SO Dak’s holdings in Realty Income were worth $1,435,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in O. Founders Financial Securities LLC lifted its stake in Realty Income by 0.9% during the second quarter. Founders Financial Securities LLC now owns 21,210 shares of the real estate investment trust’s stock valued at $1,120,000 after buying an additional 181 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Realty Income by 0.6% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 35,285 shares of the real estate investment trust’s stock valued at $1,864,000 after acquiring an additional 199 shares in the last quarter. Optimum Investment Advisors lifted its position in shares of Realty Income by 11.1% in the 2nd quarter. Optimum Investment Advisors now owns 2,000 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 200 shares in the last quarter. MeadowBrook Investment Advisors LLC boosted its stake in Realty Income by 3.4% in the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 6,092 shares of the real estate investment trust’s stock worth $322,000 after purchasing an additional 200 shares during the period. Finally, First Affirmative Financial Network grew its position in Realty Income by 2.1% during the 1st quarter. First Affirmative Financial Network now owns 9,828 shares of the real estate investment trust’s stock worth $532,000 after purchasing an additional 201 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Transactions at Realty Income

In other news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now directly owns 5,257 shares of the company’s stock, valued at $319,467.89. The disclosure for this sale can be found here. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on O. Royal Bank of Canada raised their price objective on Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. raised their price target on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. UBS Group upped their price objective on shares of Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Scotiabank lifted their target price on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. Finally, Morgan Stanley restated an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average target price of $62.59.

Realty Income Stock Performance

NYSE:O opened at $62.46 on Friday. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $63.39. The firm’s fifty day simple moving average is $60.72 and its 200 day simple moving average is $55.95. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $54.39 billion, a PE ratio of 57.83, a PEG ratio of 4.34 and a beta of 0.99.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share. On average, sell-side analysts anticipate that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a oct 24 dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.2635 per share. This represents a dividend yield of 5%. This is an increase from Realty Income’s previous oct 24 dividend of $0.26. The ex-dividend date of this dividend is Tuesday, October 1st. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

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.