Realty Income Co. (NYSE:O) Shares Acquired by Czech National Bank

Czech National Bank increased its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 5.9% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 201,022 shares of the real estate investment trust's stock after acquiring an additional 11,259 shares during the period. Czech National Bank's holdings in Realty Income were worth $11,661,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Realty Income during the fourth quarter worth approximately $624,666,000. Raymond James Financial Inc. acquired a new position in Realty Income during the 4th quarter worth $553,572,000. Northern Trust Corp grew its holdings in Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after acquiring an additional 3,834,403 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Realty Income by 26.7% in the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock worth $205,628,000 after purchasing an additional 811,037 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Realty Income by 6,002.1% in the 1st quarter. GAMMA Investing LLC now owns 706,562 shares of the real estate investment trust's stock valued at $40,988,000 after purchasing an additional 694,983 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on O. Royal Bank of Canada lowered their price objective on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Scotiabank boosted their price target on Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Stifel Nicolaus upped their price target on Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a report on Monday, May 5th. Finally, UBS Group reduced their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $61.15.

Realty Income Stock Performance

Shares of O traded down $0.04 during mid-day trading on Thursday, reaching $55.88. 1,529,506 shares of the company's stock traded hands, compared to its average volume of 5,177,538. Realty Income Co. has a 12 month low of $50.71 and a 12 month high of $64.88. The stock has a market capitalization of $50.47 billion, a P/E ratio of 53.22, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. The business's 50-day moving average price is $56.20 and its 200-day moving average price is $55.59. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) 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 analysts' consensus estimates of $1.06. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. Equities analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.2685 per share. The ex-dividend date is Monday, June 2nd. This represents a yield of 5.8%. Realty Income's payout ratio is 292.73%.

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.