Colonial Trust Co SC Boosts Holdings in Realty Income Co. (NYSE:O)

Colonial Trust Co SC increased its stake in Realty Income Co. (NYSE:O) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,832 shares of the real estate investment trust’s stock after acquiring an additional 3,443 shares during the period. Colonial Trust Co SC’s holdings in Realty Income were worth $1,326,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new stake in Realty Income during the 4th quarter valued at about $28,000. Hopwood Financial Services Inc. purchased a new position in shares of Realty Income during the fourth quarter valued at approximately $29,000. Sierra Ocean LLC bought a new stake in shares of Realty Income in the fourth quarter valued at about $32,000. Millstone Evans Group LLC purchased a new position in Realty Income during the fourth quarter valued at approximately $34,000. Finally, BankPlus Trust Department purchased a new stake in shares of Realty Income during the fourth quarter valued at about $37,000. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

O has been the topic of several recent research reports. Mizuho upped their price objective on Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, April 3rd. Stifel Nicolaus upped their price objective on Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada lowered their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Barclays reaffirmed an “overweight” rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research report on Tuesday, February 25th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average price target of $62.00.

Realty Income Stock Down 0.2 %

Shares of O stock opened at $56.84 on Wednesday. Realty Income Co. has a 52-week low of $50.71 and a 52-week high of $64.88. The stock has a market cap of $50.69 billion, a price-to-earnings ratio of 54.13, a PEG ratio of 2.10 and a beta of 0.78. The firm’s 50-day moving average is $56.60 and its 200-day moving average is $56.09. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a dividend of $0.2685 per share. This represents a yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income’s dividend payout ratio (DPR) is presently 292.73%.

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.