First National Trust Co Has $810,000 Stock Position in Realty Income Co. (NYSE:O)

First National Trust Co reduced its holdings in shares of Realty Income Co. (NYSE:O) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,170 shares of the real estate investment trust’s stock after selling 467 shares during the quarter. First National Trust Co’s holdings in Realty Income were worth $810,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Commonwealth Equity Services LLC boosted its holdings in Realty Income by 2.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 637,932 shares of the real estate investment trust’s stock worth $34,072,000 after purchasing an additional 13,030 shares during the last quarter. HBK Sorce Advisory LLC boosted its holdings in Realty Income by 29.4% during the fourth quarter. HBK Sorce Advisory LLC now owns 12,655 shares of the real estate investment trust’s stock worth $676,000 after purchasing an additional 2,875 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Realty Income by 4.6% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 173,588 shares of the real estate investment trust’s stock worth $9,153,000 after purchasing an additional 7,600 shares during the last quarter. Vestcor Inc boosted its holdings in Realty Income by 66.0% during the fourth quarter. Vestcor Inc now owns 132,602 shares of the real estate investment trust’s stock worth $7,082,000 after purchasing an additional 52,745 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its holdings in Realty Income by 3.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 94,391 shares of the real estate investment trust’s stock worth $5,041,000 after purchasing an additional 3,316 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on O shares. BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Scotiabank lowered their price objective 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. Barclays lifted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Stifel Nicolaus lowered their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Mizuho lowered their price objective 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 investment analysts have rated the stock with a hold rating and three have issued 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 $62.04.

Realty Income Stock Performance

NYSE O opened at $56.79 on Friday. The company’s 50 day moving average is $55.11 and its 200-day moving average is $57.69. 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 firm has a market cap of $50.63 billion, a P/E ratio of 54.09, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Sell-side analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a yield of 5.7%. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s payout ratio is currently 327.55%.

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.