Realty Income Corporation $O Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its position in Realty Income Corporation (NYSE:O) by 2.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 466,915 shares of the real estate investment trust’s stock after selling 10,388 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Realty Income were worth $28,384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of O. Heartwood Wealth Advisors LLC acquired a new stake in Realty Income during the 3rd quarter valued at approximately $29,000. Strengthening Families & Communities LLC increased its stake in shares of Realty Income by 586.1% in the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 422 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Realty Income in the second quarter worth $31,000. Country Trust Bank raised its holdings in shares of Realty Income by 806.5% during the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. Finally, Ameriflex Group Inc. lifted its position in Realty Income by 68.7% during the third quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on O. Deutsche Bank Aktiengesellschaft raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Tuesday, January 20th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $61.00 price objective on shares of Realty Income in a report on Thursday, December 18th. Royal Bank Of Canada upped their target price on Realty Income from $61.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Finally, Evercore reiterated a “positive” rating on shares of Realty Income in a research report on Wednesday, February 25th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $66.39.

Realty Income Stock Up 0.8%

O stock opened at $64.94 on Tuesday. Realty Income Corporation has a one year low of $50.71 and a one year high of $67.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 1.40. The firm’s fifty day moving average is $63.09 and its 200 day moving average is $59.96. The firm has a market cap of $60.55 billion, a PE ratio of 55.50, a P/E/G ratio of 4.79 and a beta of 0.77.

Realty Income (NYSE:O) last issued its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.08. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. On average, research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.2705 dividend. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. Realty Income’s payout ratio is currently 276.92%.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.