Deutsche Bank AG Sells 2,645,380 Shares of Realty Income Co. (NYSE:O)

Deutsche Bank AG reduced its stake in Realty Income Co. (NYSE:O - Free Report) by 59.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,788,963 shares of the real estate investment trust's stock after selling 2,645,380 shares during the period. Deutsche Bank AG owned about 0.20% of Realty Income worth $95,549,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of O. Lee Danner & Bass Inc. purchased a new position in shares of Realty Income during the fourth quarter valued at approximately $28,000. Hopwood Financial Services Inc. bought a new stake in Realty Income in the fourth quarter valued at $29,000. Sierra Ocean LLC purchased a new position in Realty Income during the 4th quarter valued at $32,000. Millstone Evans Group LLC purchased a new position in Realty Income during the 4th quarter valued at $34,000. Finally, BankPlus Trust Department bought a new position in Realty Income in the 4th quarter worth $37,000. Institutional investors own 70.81% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Barclays reiterated an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Mizuho raised their target price on Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Scotiabank dropped their price target on Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Finally, Wedbush reiterated a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $61.77.

Realty Income Trading Up 0.9%

NYSE O opened at $56.75 on Monday. Realty Income Co. has a 12 month low of $50.71 and a 12 month high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock's fifty day moving average price is $56.55 and its 200-day moving average price is $55.88. The stock has a market cap of $50.61 billion, a P/E ratio of 54.05, a P/E/G ratio of 2.10 and a beta of 0.78.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $1.31 billion for 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%. Realty Income's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 EPS. As a group, equities analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be issued a $0.2685 dividend. The ex-dividend date is Thursday, May 1st. This represents a yield of 6%. Realty Income's payout ratio is currently 292.73%.

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.

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