American National Bank & Trust Purchases 11,100 Shares of Realty Income Corporation $O

American National Bank & Trust increased its position in shares of Realty Income Corporation (NYSE:O) by 2,418.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,559 shares of the real estate investment trust’s stock after purchasing an additional 11,100 shares during the period. American National Bank & Trust’s holdings in Realty Income were worth $666,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Revisor Wealth Management LLC increased its position in shares of Realty Income by 2.3% during the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock valued at $454,000 after purchasing an additional 178 shares during the period. N.E.W. Advisory Services LLC increased its position in shares of Realty Income by 1.2% during the first quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust’s stock valued at $899,000 after purchasing an additional 186 shares during the period. RB Capital Management LLC increased its position in shares of Realty Income by 1.1% during the second quarter. RB Capital Management LLC now owns 16,596 shares of the real estate investment trust’s stock valued at $956,000 after purchasing an additional 187 shares during the period. Associated Banc Corp increased its position in shares of Realty Income by 1.9% during the first quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust’s stock valued at $595,000 after purchasing an additional 192 shares during the period. Finally, Westbourne Investments Inc. increased its position in shares of Realty Income by 3.9% during the first quarter. Westbourne Investments Inc. now owns 5,300 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 200 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Price Performance

Shares of O stock opened at $60.28 on Friday. The stock’s fifty day moving average is $58.44 and its 200-day moving average is $57.23. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market capitalization of $55.11 billion, a PE ratio of 58.52, a PEG ratio of 4.57 and a beta of 0.77. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88.

Realty Income (NYSE:O) last announced its earnings results 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). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.Realty Income’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 EPS. Equities research analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a dividend of $0.2695 per share. The ex-dividend date is Wednesday, October 1st. This is a boost from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.4%. Realty Income’s dividend payout ratio (DPR) is currently 313.59%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays upped their price target on Realty Income from $58.00 to $59.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 20th. Scotiabank upped their price target on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. UBS Group upped their price target on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Mizuho upped their price target on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Finally, Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Three research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average price target of $62.36.

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.