Trust Co. of Vermont Raises Holdings in Realty Income Co. (NYSE:O)

Trust Co. of Vermont grew its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 12.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 253,503 shares of the real estate investment trust's stock after acquiring an additional 28,480 shares during the period. Trust Co. of Vermont's holdings in Realty Income were worth $13,540,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. ZWJ Investment Counsel Inc. increased its position in Realty Income by 0.6% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust's stock valued at $1,857,000 after purchasing an additional 164 shares during the period. Whittier Trust Co. increased its holdings in Realty Income by 4.5% during the third quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust's stock valued at $245,000 after buying an additional 166 shares during the period. Greenleaf Trust raised its stake in Realty Income by 1.0% in the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust's stock worth $1,072,000 after buying an additional 170 shares in the last quarter. Grove Bank & Trust lifted its holdings in Realty Income by 14.3% during the third quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust's stock worth $89,000 after buying an additional 176 shares during the period. Finally, Buckley Wealth Management LLC boosted its position in Realty Income by 1.9% during the 3rd quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust's stock valued at $599,000 after acquiring an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on O shares. Mizuho decreased their price target 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, January 8th. UBS Group decreased their target price on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating for the company in a research report on Thursday, November 14th. Royal Bank of Canada cut their price target on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating on the stock in a report on Wednesday, November 6th. Barclays began coverage on Realty Income in a report on Tuesday, December 17th. They set an "equal weight" rating and a $59.00 price objective for the company. Finally, Scotiabank lowered their price objective on Realty Income from $61.00 to $59.00 and set a "sector perform" rating for the company in a research report on Thursday. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $62.12.

Realty Income Price Performance

NYSE O traded up $0.04 during trading hours on Friday, reaching $54.62. The company's stock had a trading volume of 5,341,328 shares, compared to its average volume of 5,116,269. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The company's 50-day moving average is $54.92 and its two-hundred day moving average is $58.32. The firm has a market capitalization of $47.80 billion, a price-to-earnings ratio of 52.02, a P/E/G ratio of 1.85 and a beta of 1.00.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data 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 company 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.02 earnings per share. On average, equities analysts predict that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a $0.264 dividend. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. Realty Income's dividend payout ratio (DPR) is 301.91%.

About Realty Income

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.