Fulton Bank N.A. Has $845,000 Stake in Realty Income Co. (NYSE:O)

Fulton Bank N.A. trimmed its stake in shares of Realty Income Co. (NYSE:OFree Report) by 3.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,617 shares of the real estate investment trust’s stock after selling 541 shares during the period. Fulton Bank N.A.’s holdings in Realty Income were worth $845,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in Realty Income in the fourth quarter valued at $506,526,000. Vanguard Group Inc. grew its position in shares of Realty Income by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after acquiring an additional 4,172,231 shares during the period. Principal Financial Group Inc. grew its position in shares of Realty Income by 107.1% in the 4th quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock valued at $284,288,000 after acquiring an additional 2,560,597 shares during the period. Cbre Investment Management Listed Real Assets LLC grew its position in shares of Realty Income by 213.3% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock valued at $124,708,000 after acquiring an additional 1,478,577 shares during the period. Finally, GRS Advisors LLC bought a new position in shares of Realty Income in the 4th quarter valued at about $58,843,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Realty Income Price Performance

Shares of NYSE:O traded down $0.09 during midday trading on Thursday, hitting $53.01. The stock had a trading volume of 4,460,146 shares, compared to its average volume of 6,345,688. The company’s 50-day moving average price is $53.49 and its 200-day moving average price is $54.20. The company has a market capitalization of $46.16 billion, a P/E ratio of 49.08, a price-to-earnings-growth ratio of 4.62 and a beta of 0.94. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18.

Realty Income (NYSE:OGet Free Report) last issued its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.87). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. Realty Income’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 earnings per share. As a group, equities research analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a jul 24 dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be issued a dividend of $0.263 per share. The ex-dividend date of this dividend is Monday, July 1st. This is a positive change from Realty Income’s previous jul 24 dividend of $0.26. This represents a dividend yield of 6%. Realty Income’s payout ratio is 291.67%.

Analyst Ratings Changes

A number of brokerages have recently commented on O. Scotiabank lifted their price objective on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Mizuho lifted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. UBS Group decreased their price objective on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Stifel Nicolaus cut their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Finally, KeyCorp started coverage on shares of Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating for the company. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $61.35.

Check Out Our Latest Research Report on O

Realty Income 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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