Realty Income Co. (NYSE:O) Shares Sold by First National Trust Co

First National Trust Co trimmed its holdings in Realty Income Co. (NYSE:O) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,236 shares of the real estate investment trust’s stock after selling 345 shares during the quarter. First National Trust Co’s holdings in Realty Income were worth $990,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. raised its position in shares of Realty Income by 8.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 115,957 shares of the real estate investment trust’s stock worth $5,791,000 after purchasing an additional 9,207 shares during the period. FinTrust Capital Advisors LLC lifted its stake in Realty Income by 302.1% during the third quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 429 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Realty Income by 2.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 362,393 shares of the real estate investment trust’s stock worth $18,098,000 after acquiring an additional 8,255 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Realty Income by 2.6% during the third quarter. Bank of New York Mellon Corp now owns 5,435,062 shares of the real estate investment trust’s stock valued at $271,427,000 after acquiring an additional 135,249 shares during the period. Finally, Signet Financial Management LLC purchased a new stake in shares of Realty Income in the 3rd quarter valued at approximately $263,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O stock traded up $0.35 during trading on Friday, reaching $55.26. The company had a trading volume of 9,076,566 shares, compared to its average volume of 5,836,093. The company has a market capitalization of $47.59 billion, a PE ratio of 43.86, a PEG ratio of 5.73 and a beta of 0.92. 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’s 50 day simple moving average is $52.83 and its two-hundred day simple moving average is $53.61. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. Realty Income’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Sell-side analysts forecast that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be paid a $0.257 dividend. The ex-dividend date is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s payout ratio is presently 244.45%.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by insiders.

Analysts Set New Price Targets

O has been the topic of several recent analyst reports. BMO Capital Markets initiated coverage on shares of Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 target price on the stock. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Mizuho dropped their target price on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a report 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 stock an “outperform” rating in a report on Thursday, January 11th. Finally, Stifel Nicolaus dropped their price objective 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.