Fulton Bank N.A. Purchases 4,927 Shares of Realty Income Corporation $O

by · The Cerbat Gem

Fulton Bank N.A. raised its stake in Realty Income Corporation (NYSE:O – Free Report) by 16.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,800 shares of the real estate investment trust’s stock after buying an additional 4,927 shares during the period. Fulton Bank N.A.’s holdings in Realty Income were worth $2,062,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Keystone Global Partners LLC acquired a new stake in Realty Income during the first quarter worth approximately $26,000. PSI Advisors LLC lifted its position in shares of Realty Income by 78.3% during the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 252 shares during the last quarter. FSC Wealth Advisors LLC lifted its stake in shares of Realty Income by 288.0% during the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 455 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in shares of Realty Income in the fourth quarter valued at $34,000. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in shares of Realty Income by 87.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 303 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Down 0.4%

Shares of Realty Income stock opened at $59.77 on Thursday. The company has a 50-day simple moving average of $58.08 and a two-hundred day simple moving average of $57.15. The stock has a market capitalization of $54.65 billion, a PE ratio of 58.03, a price-to-earnings-growth ratio of 4.58 and a beta of 0.77. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85.

Realty Income (NYSE:O – Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. Realty Income’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the business earned $1.07 EPS. On average, analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be issued a $0.2695 dividend. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Wednesday, October 1st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio is 313.59%.

Analyst Ratings Changes

O has been the subject of a number of research analyst reports. UBS Group lifted their price target on Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Mizuho lifted their target price on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Scotiabank increased their price target on shares of Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Barclays lifted their price objective on shares of Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. Finally, Wolfe Research lowered shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $62.36.

Get Our Latest Analysis on Realty Income

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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