Cadence Bank Lowers Position in Realty Income Co. (NYSE:O)

Cadence Bank decreased its position in Realty Income Co. (NYSE:O) by 7.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,829 shares of the real estate investment trust’s stock after selling 455 shares during the period. Cadence Bank’s holdings in Realty Income were worth $315,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in O. American National Bank purchased a new stake in Realty Income during the fourth quarter worth about $25,000. Vima LLC purchased a new stake in Realty Income during the fourth quarter worth about $25,000. WASHINGTON TRUST Co boosted its holdings in Realty Income by 65.7% during the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 197 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in Realty Income during the first quarter worth about $27,000. Finally, Baystate Wealth Management LLC boosted its holdings in Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Scotiabank lifted their target price on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. Mizuho lifted their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. UBS Group lifted their target price on shares of Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, KeyCorp assumed coverage on shares of Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating for the company. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $61.88.

Realty Income Trading Up 1.2 %

O traded up $0.71 during trading on Friday, hitting $58.07. 3,119,527 shares of the company’s stock were exchanged, compared to its average volume of 6,122,231. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18. The stock has a 50 day moving average price of $53.89 and a 200 day moving average price of $53.85. The firm has a market cap of $50.57 billion, a P/E ratio of 53.33, a price-to-earnings-growth ratio of 4.98 and a beta of 0.96.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Realty Income’s quarterly revenue was up 33.5% compared to the same quarter last year. As a group, analysts expect that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be paid a $0.263 dividend. The ex-dividend date is Thursday, August 1st. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

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.