Trust Co. of Toledo NA OH Takes Position in Realty Income Corporation $O

Trust Co. of Toledo NA OH bought a new stake in Realty Income Corporation (NYSE:O) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,721 shares of the real estate investment trust’s stock, valued at approximately $99,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of O. Moseley Investment Management Inc. boosted its position in shares of Realty Income by 1.3% during the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock valued at $781,000 after purchasing an additional 175 shares in the last quarter. Castle Rock Wealth Management LLC boosted its position in shares of Realty Income by 0.6% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock valued at $1,552,000 after purchasing an additional 177 shares in the last quarter. Revisor Wealth Management LLC boosted its holdings in shares of Realty Income by 2.3% during the 2nd quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock worth $454,000 after buying an additional 178 shares in the last quarter. Pure Financial Advisors LLC boosted its holdings in shares of Realty Income by 3.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 185 shares in the last quarter. Finally, N.E.W. Advisory Services LLC boosted its holdings in shares of Realty Income by 1.2% during the 1st quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust’s stock worth $899,000 after buying an additional 186 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE O opened at $58.26 on Monday. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The stock has a market cap of $53.27 billion, a price-to-earnings ratio of 56.56, a PEG ratio of 4.45 and a beta of 0.78. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The firm’s 50-day simple moving average is $58.96 and its 200 day simple moving average is $57.48.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the business posted $1.07 EPS. Realty Income’s revenue was up 5.3% compared to the same quarter last year. As a group, research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a $0.2695 dividend. This is a boost from Realty Income’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Wednesday, October 1st. Realty Income’s dividend payout ratio is 313.59%.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director directly owned 19,211 shares in the company, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

O has been the topic of a number of research analyst reports. UBS Group increased their price target on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Barclays increased their price objective on shares of Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a research report on Wednesday, October 8th. Evercore ISI assumed coverage on shares of Realty Income in a research report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective on the stock. Finally, Wolfe Research lowered Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $62.25.

Realty Income Company 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.