M&T Bank Corp Acquires 3,126 Shares of Realty Income Co. (NYSE:O)

M&T Bank Corp raised its stake in shares of Realty Income Co. (NYSE:O) by 3.1% during the 4th quarter, Holdings Channel reports. The fund owned 102,398 shares of the real estate investment trust’s stock after purchasing an additional 3,126 shares during the period. M&T Bank Corp’s holdings in Realty Income were worth $5,879,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in O. Manchester Capital Management LLC grew its stake in shares of Realty Income by 423.0% during the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 423 shares during the last quarter. Baystate Wealth Management LLC raised its stake in shares of Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares during the last quarter. CVA Family Office LLC acquired a new stake in Realty Income during the 4th quarter valued at approximately $29,000. Operose Advisors LLC acquired a new stake in shares of Realty Income in the third quarter worth $30,000. Finally, Orion Capital Management LLC purchased a new stake in Realty Income in the third quarter valued at $35,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Price Performance

Shares of NYSE O opened at $55.43 on Tuesday. The firm has a 50-day simple moving average of $52.89 and a 200-day simple moving average of $53.70. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $47.73 billion, a price-to-earnings ratio of 43.99, a price-to-earnings-growth ratio of 5.73 and a beta of 0.92. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18.

Realty Income (NYSE:O) last released its earnings results 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 business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period last year, the business earned $1.00 earnings per share. On average, equities analysts predict that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

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

Wall Street Analysts Forecast Growth

O has been the subject of several analyst reports. Stifel Nicolaus decreased their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Mizuho dropped their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Royal Bank of Canada lifted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. BMO Capital Markets began coverage on Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 target price on the stock. Finally, StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $60.96.

Insider Activity

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The stock was 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 of the company’s stock, valued at $339,317.11. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.