Commerzbank Aktiengesellschaft FI Acquires 11,533 Shares of Realty Income Co. (NYSE:O)

Commerzbank Aktiengesellschaft FI grew its stake in shares of Realty Income Co. (NYSE:O) by 46.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 36,220 shares of the real estate investment trust’s stock after purchasing an additional 11,533 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Realty Income were worth $1,910,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Sierra Ocean LLC purchased a new position in shares of Realty Income during the fourth quarter valued at approximately $32,000. BankPlus Trust Department bought a new position in Realty Income during the 4th quarter valued at $37,000. ST Germain D J Co. Inc. boosted its holdings in Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 567 shares during the last quarter. Luken Investment Analytics LLC bought a new stake in shares of Realty Income in the 4th quarter worth $40,000. Finally, Independence Bank of Kentucky raised its holdings in shares of Realty Income by 54.5% in the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 300 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

O has been the subject of a number of recent analyst reports. Barclays reduced their price objective on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. UBS Group reduced their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target on the stock. Mizuho reduced their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Scotiabank decreased their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Realty Income presently has an average rating of “Hold” and an average target price of $61.81.

Realty Income Trading Up 0.9 %

Shares of Realty Income stock opened at $57.53 on Tuesday. The stock has a market capitalization of $51.29 billion, a P/E ratio of 54.79, a P/E/G ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s 50-day simple moving average is $54.34 and its 200 day simple moving average is $57.90.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.268 per share. The ex-dividend date is Monday, March 3rd. This represents a dividend yield of 5.7%. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s dividend payout ratio is currently 327.55%.

Realty Income Profile

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.