Chevy Chase Trust Holdings LLC Sells 10,388 Shares of Realty Income Corporation $O

Chevy Chase Trust Holdings LLC trimmed its holdings in shares of Realty Income Corporation (NYSE:O) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 466,915 shares of the real estate investment trust’s stock after selling 10,388 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Realty Income worth $28,384,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Heartwood Wealth Advisors LLC purchased a new position in shares of Realty Income in the 3rd quarter valued at $29,000. Strengthening Families & Communities LLC lifted its stake in shares of Realty Income by 586.1% during the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 422 shares during the last quarter. Ameriflex Group Inc. lifted its stake in shares of Realty Income by 68.7% during the 3rd quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 215 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in Realty Income during the second quarter valued at about $31,000. Finally, Country Trust Bank boosted its position in Realty Income by 806.5% during the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O stock opened at $64.94 on Tuesday. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $67.93. The firm has a market capitalization of $60.55 billion, a price-to-earnings ratio of 55.50, a PEG ratio of 4.79 and a beta of 0.77. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s 50-day simple moving average is $63.09 and its 200-day simple moving average is $59.96.

Realty Income (NYSE:O) last announced its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. Realty Income’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. As a group, equities analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.2705 per share. The ex-dividend date is Tuesday, March 31st. This is an increase from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.0%. Realty Income’s payout ratio is presently 276.92%.

Analysts Set New Price Targets

O has been the subject of a number of recent research reports. Scotiabank boosted their target price on shares of Realty Income from $67.00 to $69.00 and gave the stock a “sector outperform” rating in a report on Wednesday, March 11th. UBS Group lifted their price objective on shares of Realty Income from $66.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Wells Fargo & Company boosted their price objective on shares of Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Barclays increased their target price on shares of Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Wall Street Zen raised shares of Realty Income from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $66.39.

Realty Income 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.