UMB Bank n.a. Sells 10,546 Shares of Realty Income Co. (NYSE:O)

UMB Bank n.a. lessened its stake in shares of Realty Income Co. (NYSE:O) by 21.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,492 shares of the real estate investment trust’s stock after selling 10,546 shares during the period. UMB Bank n.a.’s holdings in Realty Income were worth $2,086,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its position in Realty Income by 18.3% in the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after purchasing an additional 20,848,560 shares during the period. Dimensional Fund Advisors LP raised its position in Realty Income by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,542,160 shares of the real estate investment trust’s stock worth $547,931,000 after purchasing an additional 227,621 shares during the period. Daiwa Securities Group Inc. raised its position in Realty Income by 2.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 9,214,683 shares of the real estate investment trust’s stock worth $498,514,000 after purchasing an additional 196,635 shares during the period. Norges Bank purchased a new stake in Realty Income in the 4th quarter worth about $506,526,000. Finally, APG Asset Management US Inc. raised its position in Realty Income by 10.4% in the 4th quarter. APG Asset Management US Inc. now owns 8,221,575 shares of the real estate investment trust’s stock worth $472,083,000 after purchasing an additional 771,313 shares during the period. Institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the transaction, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Realty Income Stock Up 1.2 %

O traded up $0.73 during trading on Friday, hitting $62.13. The stock had a trading volume of 5,697,245 shares, compared to its average volume of 5,981,171. The stock has a 50 day simple moving average of $57.35 and a two-hundred day simple moving average of $54.56. The company has a market capitalization of $54.10 billion, a PE ratio of 57.51, a PEG ratio of 5.05 and a beta of 0.96. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $62.41. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83.

Realty Income (NYSE:O) last posted its quarterly 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 company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company’s quarterly revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. On average, research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently declared a sep 24 dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd will be issued a $0.263 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a dividend yield of 5.2%. Realty Income’s dividend payout ratio is currently 291.67%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on O. Wedbush began coverage on shares of Realty Income in a research note on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price on the stock. Wells Fargo & Company upped their target price on shares of Realty Income from $57.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Monday. Mizuho upped their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Scotiabank upped their target price on shares of Realty Income from $56.00 to $61.00 and gave the stock a “sector perform” rating in a research note on Monday. Finally, Stifel Nicolaus upped their target price on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research note on Wednesday. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $62.52.

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.