Stock Yards Bank & Trust Co. Sells 1,449 Shares of Realty Income Corporation $O

Stock Yards Bank & Trust Co. lowered its position in Realty Income Corporation (NYSE:O) by 6.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,775 shares of the real estate investment trust’s stock after selling 1,449 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Realty Income were worth $1,254,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Revisor Wealth Management LLC grew its stake in Realty Income by 2.3% in the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock worth $454,000 after purchasing an additional 178 shares in the last quarter. Pure Financial Advisors LLC grew its stake in Realty Income by 3.5% in the second quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust’s stock worth $318,000 after purchasing an additional 185 shares in the last quarter. N.E.W. Advisory Services LLC grew its stake in Realty Income by 1.2% in the first quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust’s stock worth $899,000 after purchasing an additional 186 shares in the last quarter. RB Capital Management LLC grew its stake in Realty Income by 1.1% in the second quarter. RB Capital Management LLC now owns 16,596 shares of the real estate investment trust’s stock worth $956,000 after purchasing an additional 187 shares in the last quarter. Finally, Associated Banc Corp grew its stake in Realty Income by 1.9% in the first quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust’s stock worth $595,000 after purchasing an additional 192 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O opened at $60.41 on Friday. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The stock has a fifty day moving average price of $58.73 and a 200-day moving average price of $57.37. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The firm has a market cap of $55.24 billion, a PE ratio of 58.65, a P/E/G ratio of 4.62 and a beta of 0.78.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the company posted $1.07 EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a $0.2695 dividend. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Wednesday, October 1st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. Realty Income’s payout ratio is currently 313.59%.

Insider Activity

In related news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the transaction, the director directly owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

O has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a report on Saturday, September 27th. Cantor Fitzgerald initiated coverage on Realty Income in a report on Wednesday. They set a “neutral” rating and a $64.00 target price for the company. Barclays upped their target price on Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. Scotiabank upped their target price on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Finally, Evercore ISI initiated coverage on Realty Income in a report on Wednesday. They set an “in-line” rating and a $62.00 target price for the company. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $62.25.

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.