First Financial Bankshares Inc Raises Position in Realty Income Co. (NYSE:O)

First Financial Bankshares Inc grew its holdings in shares of Realty Income Co. (NYSE:O) by 0.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,230 shares of the real estate investment trust’s stock after acquiring an additional 456 shares during the period. First Financial Bankshares Inc’s holdings in Realty Income were worth $12,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacifica Partners Inc. raised its stake in Realty Income by 444.4% during the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 400 shares during the period. Bell Investment Advisors Inc lifted its stake in shares of Realty Income by 69.6% during the 1st quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 217 shares in the last quarter. MFA Wealth Advisors LLC purchased a new position in shares of Realty Income during the 2nd quarter valued at $33,000. 1620 Investment Advisors Inc. bought a new position in Realty Income in the 2nd quarter worth $42,000. Finally, Headlands Technologies LLC purchased a new stake in Realty Income in the 2nd quarter worth $42,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

O has been the topic of several research analyst reports. UBS Group boosted their price objective on Realty Income from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Robert W. Baird upped their price target on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $62.00 price objective on shares of Realty Income in a report on Tuesday, August 6th. Stifel Nicolaus boosted their target price on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a report on Wednesday, August 28th. Finally, Scotiabank upped their target price on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $63.94.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the transaction, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the sale, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director A. Larry Chapman sold 5,000 shares of the business’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 sale, the director now directly owns 5,257 shares of the company’s stock, valued at $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Realty Income Stock Down 3.2 %

Shares of NYSE:O opened at $61.31 on Monday. The company has a market cap of $53.39 billion, a price-to-earnings ratio of 56.77, a PEG ratio of 4.43 and a beta of 0.99. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.88. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66. The company has a 50-day moving average price of $62.35 and a 200 day moving average price of $57.47.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.07). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a net margin of 17.89% and a return on equity of 2.36%. Realty Income’s revenue for the quarter was up 31.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 earnings per share. As a group, equities research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.2635 dividend. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, November 1st. Realty Income’s dividend payout ratio is currently 292.59%.

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.