Country Club Bank Sells 1,044 Shares of Realty Income Corporation $O

Country Club Bank reduced its stake in shares of Realty Income Corporation (NYSE:O) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,778 shares of the real estate investment trust’s stock after selling 1,044 shares during the quarter. Country Club Bank’s holdings in Realty Income were worth $6,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of O. Seamount Financial Group Inc. bought a new position in shares of Realty Income during the second quarter worth $380,000. SteelPeak Wealth LLC bought a new stake in Realty Income in the 2nd quarter valued at $909,000. Capital Advisors Inc. OK lifted its stake in Realty Income by 1.2% in the 2nd quarter. Capital Advisors Inc. OK now owns 540,747 shares of the real estate investment trust’s stock worth $31,152,000 after purchasing an additional 6,235 shares in the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of Realty Income by 5.2% during the 2nd quarter. Belpointe Asset Management LLC now owns 38,755 shares of the real estate investment trust’s stock valued at $2,233,000 after purchasing an additional 1,909 shares during the last quarter. Finally, Confluence Wealth Services Inc. bought a new position in shares of Realty Income during the 2nd quarter valued at about $1,560,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wolfe Research cut Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Cantor Fitzgerald began coverage on Realty Income in a report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 price target for the company. Scotiabank upped their price objective on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. UBS Group increased their target price on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Finally, Evercore ISI initiated coverage on shares of Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $62.25.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director directly owned 19,211 shares in the company, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Realty Income Trading Down 0.8%

Shares of O stock opened at $59.90 on Tuesday. The company has a market cap of $54.77 billion, a PE ratio of 58.16, a price-to-earnings-growth ratio of 4.62 and a beta of 0.78. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The stock’s 50 day simple moving average is $58.79 and its two-hundred day simple moving average is $57.41. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85.

Realty Income (NYSE:O) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share 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 company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the firm posted $1.07 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. Research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

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

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.