Cetera Trust Company N.A Invests $155,000 in Realty Income Co. (NYSE:O)

Cetera Trust Company N.A bought a new position in Realty Income Co. (NYSE:O) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,700 shares of the real estate investment trust’s stock, valued at approximately $155,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Baystate Wealth Management LLC boosted its holdings in shares of Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares in the last quarter. CVA Family Office LLC bought a new position in Realty Income in the 4th quarter worth approximately $29,000. Manchester Capital Management LLC raised its position in Realty Income by 423.0% in the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 423 shares during the last quarter. FinTrust Capital Advisors LLC raised its position in Realty Income by 302.1% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 429 shares during the last quarter. Finally, Operose Advisors LLC bought a new position in Realty Income in the 3rd quarter worth approximately $30,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Realty Income Price Performance

Shares of O stock opened at $53.34 on Tuesday. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The firm has a market capitalization of $45.93 billion, a price-to-earnings ratio of 42.33, a price-to-earnings-growth ratio of 5.50 and a beta of 0.92. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. The firm has a fifty day moving average of $52.51 and a 200-day moving average of $53.43.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) 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 firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm earned $1.00 EPS. Realty Income’s quarterly revenue was up 21.1% on a year-over-year basis. On average, equities research analysts forecast that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. BMO Capital Markets assumed coverage on shares of Realty Income in a research report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective for the company. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Mizuho dropped their target price on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Finally, Stifel Nicolaus dropped their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.