First County Bank CT Reduces Holdings in Realty Income Co. (NYSE:O)

First County Bank CT lessened its position in shares of Realty Income Co. (NYSE:O) by 13.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,573 shares of the real estate investment trust’s stock after selling 1,212 shares during the quarter. First County Bank CT’s holdings in Realty Income were worth $404,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. ZWJ Investment Counsel Inc. lifted its holdings in shares of Realty Income by 0.6% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock worth $1,857,000 after acquiring an additional 164 shares during the last quarter. Whittier Trust Co. increased its stake in Realty Income by 4.5% during the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 166 shares during the period. Greenleaf Trust increased its position in shares of Realty Income by 1.0% during the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock worth $1,072,000 after acquiring an additional 170 shares during the period. Grove Bank & Trust raised its position in Realty Income by 14.3% in the 3rd quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock valued at $89,000 after purchasing an additional 176 shares in the last quarter. Finally, Buckley Wealth Management LLC grew its position in shares of Realty Income by 1.9% during the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock worth $599,000 after buying an additional 176 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

O has been the subject of several recent analyst reports. Royal Bank of Canada decreased their price objective on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. Stifel Nicolaus dropped their price objective on Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. UBS Group reduced their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Finally, Scotiabank raised their price target on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research note on Tuesday, September 17th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $63.23.

Realty Income Stock Performance

NYSE O traded down $0.20 during trading hours on Tuesday, hitting $52.53. 3,483,310 shares of the stock were exchanged, compared to its average volume of 4,819,884. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The stock has a 50-day moving average of $55.94 and a 200 day moving average of $58.39. The company has a market cap of $45.97 billion, a price-to-earnings ratio of 50.03, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.75). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.02 earnings per share. As a group, equities research analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently announced a jan 25 dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, January 2nd will be issued a $0.264 dividend. The ex-dividend date is Thursday, January 2nd. This is a boost from Realty Income’s previous jan 25 dividend of $0.26. This represents a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is 300.95%.

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.