Commerzbank Aktiengesellschaft FI Raises Stake in Realty Income Corporation $O

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in Realty Income Corporation by 26.1% during the second quarter, acquiring additional shares worth approximately $2.7 million.
• Realty Income announced a monthly dividend increase to $0.2695 per share, marking a dividend yield of 5.5%, with the next payment scheduled for October 15th.
• Analysts have set new price targets for Realty Income, with ratings ranging from "neutral" to "equal weight," reflecting cautious sentiment and an average target price of $62.25.

Commerzbank Aktiengesellschaft FI lifted its position in shares of Realty Income Corporation (NYSE:O - Free Report) by 26.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,069 shares of the real estate investment trust's stock after buying an additional 9,736 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Realty Income were worth $2,712,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of Realty Income during the second quarter worth about $25,000. Keystone Global Partners LLC purchased a new stake in shares of Realty Income during the first quarter worth about $26,000. PSI Advisors LLC boosted its position in shares of Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 252 shares during the last quarter. FSC Wealth Advisors LLC boosted its position in shares of Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 455 shares during the last quarter. Finally, Hilltop National Bank acquired a new stake in shares of Realty Income in the second quarter worth approximately $36,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Trading Down 0.6%

Shares of O stock opened at $58.67 on Friday. The stock has a market cap of $53.64 billion, a price-to-earnings ratio of 56.96, a price-to-earnings-growth ratio of 4.51 and a beta of 0.78. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88. The firm's 50 day moving average price is $58.93 and its two-hundred day moving average price is $57.45.

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

Realty Income Increases Dividend

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

Analysts Set New Price Targets

Several research firms recently issued reports on O. Cantor Fitzgerald began coverage on shares of Realty Income in a research report on Wednesday, October 1st. They issued a "neutral" rating and a $64.00 target price on the stock. Barclays raised their target price on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 20th. Evercore ISI began coverage on shares of Realty Income in a research report on Wednesday, October 1st. They issued an "in-line" rating and a $62.00 target price on the stock. Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Finally, Scotiabank raised their target price on shares of Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 28th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $62.25.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the business's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director directly owned 19,211 shares of the company's stock, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company's stock.

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.

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