Citizens National Bank Trust Department Sells 905 Shares of Realty Income Co. (NYSE:O)

Citizens National Bank Trust Department cut its position in shares of Realty Income Co. (NYSE:O) by 11.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,893 shares of the real estate investment trust’s stock after selling 905 shares during the quarter. Citizens National Bank Trust Department’s holdings in Realty Income were worth $437,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of O. ZWJ Investment Counsel Inc. lifted its position in shares of Realty Income by 0.6% in the third quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock valued at $1,857,000 after buying an additional 164 shares during the last quarter. Whittier Trust Co. lifted its holdings in Realty Income by 4.5% during the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 166 shares during the last quarter. Greenleaf Trust lifted its holdings in Realty Income by 1.0% during the 3rd quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock worth $1,072,000 after purchasing an additional 170 shares during the last quarter. Grove Bank & Trust lifted its holdings in Realty Income by 14.3% during the 3rd quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock worth $89,000 after purchasing an additional 176 shares during the last quarter. Finally, Buckley Wealth Management LLC lifted its holdings 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 worth $599,000 after purchasing an additional 176 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Price Performance

Shares of O opened at $58.88 on Monday. Realty Income Co. has a fifty-two week low of $48.67 and a fifty-two week high of $64.88. The firm’s 50 day moving average price is $62.28 and its 200 day moving average price is $57.77. The company has a market cap of $51.28 billion, a P/E ratio of 54.52, a PEG ratio of 4.13 and a beta of 0.99. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66.

Realty Income (NYSE:O) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The business’s quarterly revenue was up 31.4% on a year-over-year basis. During the same period last year, the company posted $1.00 earnings per share. On average, research analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.2635 per share. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, November 1st. Realty Income’s dividend payout ratio (DPR) is 292.59%.

Analysts Set New Price Targets

Several research firms recently weighed in on O. Scotiabank lifted their price target on Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 17th. Royal Bank of Canada lifted their price objective on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Robert W. Baird lifted their price objective on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, August 6th. Wedbush began coverage on Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target on the stock. Finally, Stifel Nicolaus boosted their price objective on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $63.94.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the sale, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Mary Hogan Preusse sold 1,712 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the transaction, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the sale, the director now directly owns 5,257 shares in the company, valued at $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Realty Income 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.