Trust Co. of Vermont Purchases New Shares in Realty Income Corporation $O

Trust Co. of Vermont purchased a new position in shares of Realty Income Corporation (NYSE:O) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 295,938 shares of the real estate investment trust’s stock, valued at approximately $18,336,000.

A number of other institutional investors have also recently added to or reduced their stakes in O. Principle Wealth Partners LLC purchased a new position in Realty Income in the 2nd quarter valued at about $587,000. Focused Wealth Management Inc acquired a new stake in shares of Realty Income during the second quarter valued at about $627,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Realty Income during the second quarter worth about $194,648,000. OneDigital Investment Advisors LLC purchased a new stake in shares of Realty Income during the second quarter worth about $5,175,000. Finally, Plato Investment Management Ltd acquired a new position in shares of Realty Income in the second quarter worth about $2,386,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on O. Jefferies Financial Group initiated coverage on Realty Income in a report on Monday, June 1st. They issued a “buy” rating and a $69.00 price target for the company. Robert W. Baird lifted their price objective on Realty Income from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, July 6th. Wells Fargo & Company upped their target price on Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. Royal Bank Of Canada reduced their target price on Realty Income from $71.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Finally, UBS Group set a $67.00 price target on shares of Realty Income in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Realty Income presently has a consensus rating of “Moderate Buy” and an average price target of $67.42.

Realty Income Stock Performance

Shares of Realty Income stock opened at $62.46 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.88 and a current ratio of 5.88. Realty Income Corporation has a 1 year low of $55.86 and a 1 year high of $67.93. The firm’s 50-day simple moving average is $63.12 and its 200-day simple moving average is $63.11. The firm has a market cap of $59.10 billion, a PE ratio of 45.59, a price-to-earnings-growth ratio of 4.46 and a beta of 0.71.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS for the quarter, hitting analysts’ consensus estimates of $1.09. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the firm earned $1.05 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Equities analysts forecast that Realty Income Corporation will post 4.43 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were issued a $0.271 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Friday, July 31st. Realty Income’s payout ratio is 237.23%.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.