Realty Income Corporation $O Stock Position Lifted by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its holdings in Realty Income Corporation (NYSE:O) by 0.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 513,413 shares of the real estate investment trust’s stock after purchasing an additional 4,113 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Realty Income were worth $29,424,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Bogart Wealth LLC grew its stake in shares of Realty Income by 57.4% in the second quarter. Bogart Wealth LLC now owns 1,269 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 463 shares in the last quarter. FLC Capital Advisors lifted its holdings in shares of Realty Income by 35.5% in the second quarter. FLC Capital Advisors now owns 9,814 shares of the real estate investment trust’s stock valued at $565,000 after buying an additional 2,571 shares during the period. Stephens Inc. AR lifted its holdings in shares of Realty Income by 1.4% in the second quarter. Stephens Inc. AR now owns 15,849 shares of the real estate investment trust’s stock valued at $913,000 after buying an additional 214 shares during the period. LMG Wealth Partners LLC lifted its holdings in shares of Realty Income by 4.6% in the second quarter. LMG Wealth Partners LLC now owns 78,789 shares of the real estate investment trust’s stock valued at $4,539,000 after buying an additional 3,478 shares during the period. Finally, Forvis Mazars Wealth Advisors LLC lifted its holdings in shares of Realty Income by 4.0% in the second quarter. Forvis Mazars Wealth Advisors LLC now owns 5,601 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 215 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 0.3%

Shares of Realty Income stock opened at $60.24 on Thursday. The stock has a 50-day moving average price of $59.32 and a 200 day moving average price of $57.63. The company has a market cap of $55.07 billion, a P/E ratio of 58.48, a P/E/G ratio of 4.58 and a beta of 0.78. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.68.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, August 6th. 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 analysts’ expectations of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm’s revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.07 earnings per share. As a group, analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be paid a $0.2695 dividend. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Friday, October 31st. Realty Income’s dividend payout ratio is currently 313.59%.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the transaction, the director directly owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

O has been the subject of several research analyst reports. Scotiabank upped their price objective on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Mizuho upped their price objective on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Cantor Fitzgerald initiated coverage on Realty Income in a report on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 price objective for the company. Evercore ISI assumed coverage on Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price objective for the company. Finally, Barclays upped their target price on Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Realty Income has an average rating of “Hold” and an average target price of $62.58.

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.