Fulton Bank N.A. Sells 493 Shares of Realty Income Co. (NYSE:O)

Fulton Bank N.A. decreased its holdings in shares of Realty Income Co. (NYSE:OFree Report) by 1.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,876 shares of the real estate investment trust’s stock after selling 493 shares during the period. Fulton Bank N.A.’s holdings in Realty Income were worth $1,649,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Rosenberg Matthew Hamilton increased its position in Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 211 shares in the last quarter. Creative Capital Management Investments LLC grew its holdings in Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 300 shares during the period. Headlands Technologies LLC purchased a new position in Realty Income during the second quarter valued at approximately $42,000. Pacifica Partners Inc. lifted its holdings in Realty Income by 89.2% in the third quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 437 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in Realty Income by 313.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 947 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 718 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Down 0.1 %

Shares of O opened at $52.44 on Thursday. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The stock has a market cap of $45.90 billion, a PE ratio of 49.94, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. The firm’s fifty day moving average is $55.62 and its two-hundred day moving average is $58.35. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:OGet Free Report) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.02 earnings per share. Research analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be issued a $0.264 dividend. This represents a dividend yield of 5.7%. The ex-dividend date is Thursday, January 2nd. This is a boost from Realty Income’s previous jan 25 dividend of $0.26. Realty Income’s dividend payout ratio (DPR) is currently 300.95%.

Analyst Upgrades and Downgrades

O has been the subject of several analyst reports. Royal Bank of Canada decreased their target price on shares of Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Mizuho decreased their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday. Stifel Nicolaus dropped their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday. Scotiabank upped their price target on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 17th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $62.50.

View Our Latest Report on Realty Income

Realty Income Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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