CoreFirst Bank & Trust Purchases New Stake in Realty Income Co. (NYSE:O)

CoreFirst Bank & Trust purchased a new stake in shares of Realty Income Co. (NYSE:O) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,080 shares of the real estate investment trust’s stock, valued at approximately $58,000.

Other large investors have also added to or reduced their stakes in the company. Lee Danner & Bass Inc. purchased a new stake in shares of Realty Income during the fourth quarter worth about $28,000. Hopwood Financial Services Inc. bought a new position in Realty Income during the 4th quarter valued at approximately $29,000. Sierra Ocean LLC purchased a new stake in Realty Income in the 4th quarter worth approximately $32,000. Millstone Evans Group LLC purchased a new stake in Realty Income in the 4th quarter worth approximately $34,000. Finally, BankPlus Trust Department bought a new stake in shares of Realty Income in the 4th quarter worth approximately $37,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

O stock opened at $55.64 on Wednesday. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market capitalization of $49.60 billion, a price-to-earnings ratio of 52.99, a PEG ratio of 2.10 and a beta of 1.00. The firm has a 50 day moving average price of $55.65 and a 200-day moving average price of $57.38.

Realty Income (NYSE:O) last released its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Equities research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. This represents a yield of 5.7%. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 1st. Realty Income’s dividend payout ratio is 328.57%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on O shares. Royal Bank of Canada dropped their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Barclays raised their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Stifel Nicolaus reduced their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Finally, Mizuho cut their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Realty Income has an average rating of “Hold” and a consensus price target of $62.04.

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.