CoreFirst Bank & Trust Invests $58,000 in Realty Income Co. (NYSE:O)

CoreFirst Bank & Trust acquired a new stake in shares of Realty Income Co. (NYSE:O) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,080 shares of the real estate investment trust’s stock, valued at approximately $58,000.

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

Realty Income Stock Down 1.1 %

Shares of NYSE O opened at $55.64 on Wednesday. The stock has a market capitalization of $49.60 billion, a P/E ratio of 52.99, a PEG ratio of 2.10 and a beta of 1.00. 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 one year low of $50.65 and a one year high of $64.88. The firm’s 50 day simple moving average is $55.65 and its two-hundred day simple moving average is $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 business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.2685 dividend. This represents a dividend yield of 5.7%. The ex-dividend date is Tuesday, April 1st. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s payout ratio is 328.57%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. Mizuho cut their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Royal Bank of Canada lowered their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.