Commerce Bank Has $888,000 Stock Holdings in Realty Income Co. (NYSE:O)

Commerce Bank lowered its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 34.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,622 shares of the real estate investment trust's stock after selling 8,602 shares during the period. Commerce Bank's holdings in Realty Income were worth $888,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of O. World Investment Advisors LLC acquired a new position in Realty Income in the 3rd quarter worth about $1,411,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Realty Income in the 3rd quarter valued at approximately $1,032,000. Tidal Investments LLC increased its holdings in Realty Income by 39.2% in the third quarter. Tidal Investments LLC now owns 35,097 shares of the real estate investment trust's stock worth $2,215,000 after buying an additional 9,891 shares during the last quarter. Peapack Gladstone Financial Corp raised its position in Realty Income by 0.7% during the third quarter. Peapack Gladstone Financial Corp now owns 71,562 shares of the real estate investment trust's stock valued at $4,538,000 after acquiring an additional 518 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Realty Income by 4.2% in the third quarter. Franklin Resources Inc. now owns 559,263 shares of the real estate investment trust's stock valued at $34,736,000 after acquiring an additional 22,614 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on O. BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Royal Bank of Canada cut their target price on Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Scotiabank lowered their price objective on Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Mizuho boosted their target price on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Finally, Barclays lowered their price target on Realty Income from $59.00 to $58.00 and set an "equal weight" rating on the stock in a report on Tuesday. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $62.35.

Realty Income Stock Up 0.9 %

O stock opened at $58.50 on Wednesday. The business's 50-day simple moving average is $56.34 and its 200 day simple moving average is $56.46. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market cap of $52.17 billion, a PE ratio of 55.71, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. Realty Income Co. has a twelve month low of $50.71 and a twelve month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. On average, research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be given a $0.2685 dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 6%. Realty Income's dividend payout ratio (DPR) is presently 328.57%.

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.

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