Realty Income Co. (NYSE:O) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its position in shares of Realty Income Co. (NYSE:O) by 10.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 842,473 shares of the real estate investment trust’s stock after selling 103,397 shares during the quarter. Truist Financial Corp’s holdings in Realty Income were worth $44,499,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of O. CWA Asset Management Group LLC bought a new stake in shares of Realty Income during the fourth quarter valued at about $379,000. Texas Permanent School Fund Corp raised its position in shares of Realty Income by 15.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust’s stock worth $9,301,000 after buying an additional 22,440 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Realty Income by 4.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock worth $77,124,000 after buying an additional 51,574 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Realty Income by 17.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,131,375 shares of the real estate investment trust’s stock worth $61,208,000 after acquiring an additional 171,166 shares during the period. Finally, Cullen Capital Management LLC bought a new position in shares of Realty Income in the fourth quarter valued at approximately $56,076,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of NYSE O opened at $62.41 on Thursday. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $63.60. The company has a market cap of $54.35 billion, a P/E ratio of 57.79, a P/E/G ratio of 4.34 and a beta of 0.99. The business’s 50 day moving average is $61.16 and its two-hundred day moving average is $56.26. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66.

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, equities analysts expect that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

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

Insider Transactions at Realty Income

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

Wall Street Analysts Forecast Growth

O has been the topic of several research analyst reports. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a research report on Tuesday, August 6th. Wells Fargo & Company reissued an “equal weight” rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a report on Tuesday. Robert W. Baird lifted their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Stifel Nicolaus increased their target price on shares of Realty Income from $67.50 to $70.25 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Finally, KeyCorp initiated coverage on shares of Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.80.

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.