Realty Income Corporation $O Holdings Raised by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft increased its stake in Realty Income Corporation by 143.0% during the second quarter, bringing its holdings to 15,606 shares valued at $899,000.
• Realty Income announced a boost in its monthly dividend to $0.2695 per share, representing an annual yield of 5.5%.
• Despite a revenue increase of 5.3% year-over-year, Realty Income's recent earnings fell short of estimates, reporting $1.05 per share versus an expected $1.06.

Baader Bank Aktiengesellschaft grew its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 143.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,606 shares of the real estate investment trust's stock after purchasing an additional 9,183 shares during the period. Baader Bank Aktiengesellschaft's holdings in Realty Income were worth $899,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Norinchukin Bank The boosted its stake in shares of Realty Income by 9.7% during the 1st quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust's stock worth $4,929,000 after purchasing an additional 7,497 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Realty Income by 5.3% during the 1st quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust's stock worth $23,018,000 after purchasing an additional 19,965 shares during the last quarter. Community Bank of Raymore lifted its holdings in shares of Realty Income by 19.7% during the 1st quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust's stock worth $8,636,000 after acquiring an additional 24,467 shares during the period. Venture Visionary Partners LLC lifted its holdings in shares of Realty Income by 6.2% during the 1st quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust's stock worth $8,266,000 after acquiring an additional 8,297 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Realty Income by 0.4% during the 1st quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock worth $662,589,000 after acquiring an additional 48,024 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on O shares. UBS Group increased their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Scotiabank increased their price objective on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a report on Thursday, August 28th. Wolfe Research lowered shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Mizuho increased their price objective on shares of Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, September 11th. Finally, Barclays increased their price objective on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $62.36.

Realty Income Stock Up 0.2%

Shares of NYSE:O traded up $0.10 during midday trading on Friday, reaching $59.21. The company had a trading volume of 12,675,505 shares, compared to its average volume of 5,134,880. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The stock's fifty day moving average price is $58.17 and its 200-day moving average price is $57.17. The stock has a market capitalization of $54.14 billion, a P/E ratio of 57.49, a PEG ratio of 4.52 and a beta of 0.77. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 EPS. Equities research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be issued a $0.2695 dividend. This is a boost from Realty Income's previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, October 1st. Realty Income's dividend payout ratio is presently 313.59%.

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.