Dorsey & Whitney Trust CO LLC Purchases 1,556 Shares of Realty Income Co. (NYSE:O)

Dorsey & Whitney Trust CO LLC increased its position in Realty Income Co. (NYSE:O) by 38.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,566 shares of the real estate investment trust’s stock after acquiring an additional 1,556 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Realty Income were worth $297,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in Realty Income in the 4th quarter worth $32,000. BankPlus Trust Department bought a new position in shares of Realty Income during the 4th quarter worth about $37,000. ST Germain D J Co. Inc. increased its holdings in shares of Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 567 shares during the period. Luken Investment Analytics LLC bought a new position in shares of Realty Income during the 4th quarter worth about $40,000. Finally, Independence Bank of Kentucky increased its holdings in shares of Realty Income by 54.5% during the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 300 shares during the period. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on O. Stifel Nicolaus dropped their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada dropped their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. UBS Group dropped their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Scotiabank decreased their target price on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th. Finally, Mizuho decreased their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $62.04.

Realty Income Price Performance

NYSE:O opened at $58.47 on Tuesday. The firm has a market cap of $52.13 billion, a PE ratio of 55.69, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $54.85 and its two-hundred day moving average price is $57.81.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. On average, equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.268 per share. This represents a dividend yield of 5.7%. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income’s dividend payout ratio is presently 327.55%.

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.