Czech National Bank Purchases 19,722 Shares of Realty Income Corporation $O

Key Points

• The Czech National Bank increased its holdings in Realty Income Corporation by 9.8%, acquiring an additional 19,722 shares in the second quarter, bringing its total to 220,744 shares valued at approximately $12.7 million.
• Recent analyst reports have seen varied updates on Realty Income, with Mizuho raising its target price to $63 and UBS increasing it to $66, while Wolfe Research downgraded it to "peer perform."
• Realty Income recently announced a monthly dividend increase to $0.2695 per share, reflecting a dividend yield of 5.4%, which is a positive change from its previous dividend rate.

Czech National Bank lifted its position in Realty Income Corporation (NYSE:O - Free Report) by 9.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,744 shares of the real estate investment trust's stock after acquiring an additional 19,722 shares during the quarter. Czech National Bank's holdings in Realty Income were worth $12,717,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Keystone Global Partners LLC bought a new position in Realty Income in the first quarter worth about $26,000. PSI Advisors LLC raised its holdings in 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 purchasing an additional 252 shares in the last quarter. FSC Wealth Advisors LLC raised its holdings in 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 purchasing an additional 455 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in Realty Income in the fourth quarter worth about $34,000. Finally, CBIZ Investment Advisory Services LLC raised its holdings in Realty Income by 87.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 303 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

O has been the subject of a number of recent research reports. Mizuho boosted their target price 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. Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a report on Monday, July 14th. Scotiabank upped their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. UBS Group upped their price objective on shares of Realty Income from $62.00 to $66.00 and gave the company a "buy" rating in a report on Friday, August 15th. Finally, Barclays upped their price objective on shares of Realty Income from $58.00 to $59.00 and gave the company an "equal weight" rating in a report on Wednesday, August 20th. Three analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $62.36.

Realty Income Price Performance

Shares of NYSE O opened at $59.99 on Wednesday. The business's 50 day moving average price is $58.03 and its 200 day moving average price is $57.13. The firm has a market cap of $54.85 billion, a P/E ratio of 58.24, a P/E/G ratio of 4.60 and a beta of 0.77. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. 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 (NYSE:O - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. Realty Income's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 EPS. On average, sell-side analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be paid a dividend of $0.2695 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Wednesday, October 1st. This is a positive change from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio is 313.59%.

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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