Cetera Trust Company N.A Buys Shares of 2,700 Realty Income Co. (NYSE:O)

Cetera Trust Company N.A bought a new stake in Realty Income Co. (NYSE:O) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,700 shares of the real estate investment trust’s stock, valued at approximately $155,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC boosted its position in Realty Income by 423.0% in the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 423 shares in the last quarter. Baystate Wealth Management LLC raised its stake in shares of 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 valued at $28,000 after acquiring an additional 190 shares during the last quarter. FinTrust Capital Advisors LLC raised its stake in shares of Realty Income by 302.1% during the third quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 429 shares during the last quarter. CVA Family Office LLC bought a new position in shares of Realty Income during the fourth quarter valued at $29,000. Finally, Operose Advisors LLC bought a new position in shares of Realty Income during the third quarter valued at $30,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE O opened at $53.34 on Tuesday. The firm’s 50-day moving average price is $52.51 and its 200-day moving average price is $53.43. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The firm has a market capitalization of $45.93 billion, a P/E ratio of 42.33, a P/E/G ratio of 5.50 and a beta of 0.92. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company posted $1.00 EPS. Realty Income’s revenue for the quarter was up 21.1% on a year-over-year basis. Equities research analysts anticipate that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.257 per share. The ex-dividend date is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is currently 244.45%.

Insider Activity

In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on O. Royal Bank of Canada raised their price target on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Stifel Nicolaus dropped their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Mizuho dropped their price target on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, BMO Capital Markets initiated coverage on shares of Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $60.96.

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.