Farmers National Bank Sells 1,346 Shares of Realty Income Co. (NYSE:O)

Farmers National Bank lessened its holdings in shares of Realty Income Co. (NYSE:O) by 22.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,717 shares of the real estate investment trust’s stock after selling 1,346 shares during the quarter. Farmers National Bank’s holdings in Realty Income were worth $249,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vima LLC purchased a new stake in shares of Realty Income in the 4th quarter worth $25,000. Pacifica Partners Inc. increased its holdings in Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 400 shares during the period. Northwest Investment Counselors LLC purchased a new stake in Realty Income during the first quarter worth $27,000. Bell Investment Advisors Inc boosted its position in Realty Income by 69.6% during the 1st quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 217 shares in the last quarter. Finally, Able Wealth Management LLC purchased a new position in shares of Realty Income in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 0.7 %

Shares of NYSE:O opened at $62.99 on Wednesday. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $63.60. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $54.85 billion, a PE ratio of 58.32, a price-to-earnings-growth ratio of 4.34 and a beta of 0.99. The firm has a 50 day simple moving average of $61.05 and a 200 day simple moving average of $56.22.

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). Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. The business’s revenue for the quarter was up 31.4% on a year-over-year basis. As a group, research analysts expect that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have issued reports on O shares. JPMorgan Chase & Co. lifted 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. Robert W. Baird upped their target price on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Morgan Stanley restated an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a research note on Tuesday, August 6th. Scotiabank increased their price objective on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research report on Tuesday, September 17th. Finally, Stifel Nicolaus boosted their target price on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Realty Income currently has an average rating of “Hold” and an average target price of $62.80.

Insider Transactions at Realty Income

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

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.