Commerzbank Aktiengesellschaft FI Grows Stock Position in Realty Income Corporation (NYSE:O)

Commerzbank Aktiengesellschaft FI increased its stake in Realty Income Corporation (NYSE:O) by 3.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,333 shares of the real estate investment trust’s stock after buying an additional 1,113 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Realty Income were worth $2,166,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Realty Income by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock valued at $7,436,622,000 after purchasing an additional 555,908 shares during the period. Geode Capital Management LLC raised its stake in shares of Realty Income by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock valued at $1,253,584,000 after purchasing an additional 658,240 shares during the period. Northern Trust Corp increased its position in shares of Realty Income by 41.2% in the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust’s stock valued at $701,792,000 after acquiring an additional 3,834,403 shares during the last quarter. Norges Bank acquired a new position in Realty Income during the fourth quarter worth approximately $624,666,000. Finally, Price T Rowe Associates Inc. MD increased its position in Realty Income by 2.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,318,686 shares of the real estate investment trust’s stock worth $230,663,000 after buying an additional 110,694 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

NYSE:O opened at $56.43 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The company has a market cap of $50.96 billion, a price-to-earnings ratio of 51.30, a PEG ratio of 3.98 and a beta of 0.75. The stock has a fifty day moving average price of $56.78 and a 200-day moving average price of $56.00.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the company earned $1.03 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a $0.269 dividend. The ex-dividend date is Friday, August 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is presently 293.64%.

Analysts Set New Price Targets

A number of research firms recently weighed in on O. UBS Group decreased their price objective on Realty Income from $64.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, May 13th. Wedbush restated a “neutral” rating and set a $61.00 price target on shares of Realty Income in a research report on Wednesday, May 7th. Wolfe Research lowered shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday. Scotiabank increased their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a “sector perform” rating in a research note on Monday, May 12th. Finally, Stifel Nicolaus raised their target price on shares of Realty Income from $65.50 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, May 6th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.15.

Realty Income Company 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.