Argent Trust Co Increases Stock Position in Realty Income Co. (NYSE:O)

Argent Trust Co boosted its holdings in Realty Income Co. (NYSE:O) by 36.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,907 shares of the real estate investment trust’s stock after purchasing an additional 1,580 shares during the quarter. Argent Trust Co’s holdings in Realty Income were worth $312,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. CWA Asset Management Group LLC acquired a new position in shares of Realty Income in the fourth quarter valued at approximately $379,000. Texas Permanent School Fund Corp boosted its holdings in shares of Realty Income by 15.0% in the first quarter. Texas Permanent School Fund Corp now owns 171,916 shares of the real estate investment trust’s stock valued at $9,301,000 after acquiring an additional 22,440 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Realty Income by 4.0% during the fourth 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 acquiring an additional 51,574 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Realty Income by 17.8% during the first 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 purchasing an additional 171,166 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in Realty Income by 5.4% in the fourth quarter. Treasurer of the State of North Carolina now owns 330,673 shares of the real estate investment trust’s stock valued at $18,987,000 after purchasing an additional 16,831 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Up 1.5 %

Shares of Realty Income stock opened at $61.63 on Friday. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $63.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. The business has a 50 day moving average price of $60.28 and a 200 day moving average price of $55.67. The company has a market capitalization of $53.67 billion, a P/E ratio of 57.06, a P/E/G ratio of 4.65 and a beta of 0.99.

Realty Income (NYSE:O) last issued its quarterly earnings data 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 analysts’ expectations of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The firm’s revenue was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 earnings per share. Sell-side analysts anticipate that Realty Income Co. will post 3.93 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a oct 24 dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.2635 per share. This represents a dividend yield of 5%. The ex-dividend date is Tuesday, October 1st. This is a positive change from Realty Income’s previous oct 24 dividend of $0.26. Realty Income’s dividend payout ratio is currently 292.59%.

Insider Transactions at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now owns 5,257 shares in the company, valued at approximately $319,467.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the sale, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of the stock in a transaction 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. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

O has been the subject of a number of analyst reports. Morgan Stanley reissued an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a research note on Tuesday, August 6th. Stifel Nicolaus increased their price objective on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. boosted their target price on shares of Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. KeyCorp initiated coverage on shares of Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Finally, Wells Fargo & Company boosted their price objective on shares of Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a report on Monday, August 26th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.59.

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.