Realty Income Corporation (NYSE:O) Shares Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank AG has increased its stake in Realty Income Corporation by 28.7%, acquiring an additional 512,886 shares, bringing its total ownership to approximately 2.3 million shares valued at $133.5 million.
• Realty Income reported a quarterly EPS of $1.05, which slightly missed the consensus estimate, but its revenue increased by 5.3% year over year.
• The company recently declared a $0.269 dividend to be paid on August 15, with an impressive dividend yield of 570.0%.

Deutsche Bank AG lifted its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 28.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,301,849 shares of the real estate investment trust's stock after acquiring an additional 512,886 shares during the period. Deutsche Bank AG owned 0.26% of Realty Income worth $133,530,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. PSI Advisors LLC grew its stake in shares of Realty Income by 78.3% in the 1st 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 in the last quarter. Fourth Dimension Wealth LLC bought a new position in Realty Income during the fourth quarter valued at about $34,000. FSC Wealth Advisors LLC grew its position in Realty Income by 288.0% during the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 455 shares during the period. Orion Capital Management LLC bought a new position in Realty Income during the fourth quarter valued at about $37,000. Finally, CVA Family Office LLC grew its position in Realty Income by 52.8% during the first quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock valued at $46,000 after buying an additional 272 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group dropped their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Scotiabank increased their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lowered their target price on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, Wolfe Research cut shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $61.36.

Realty Income Price Performance

Shares of O traded down $0.01 during mid-day trading on Monday, hitting $57.43. 3,607,494 shares of the stock were exchanged, compared to its average volume of 5,364,485. The firm has a 50-day moving average of $57.21 and a two-hundred day moving average of $56.46. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The company has a market cap of $52.51 billion, a PE ratio of 55.76, a price-to-earnings-growth ratio of 4.04 and a beta of 0.76. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion for 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%. The business's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 EPS. On average, equities analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.269 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a dividend yield of 570.0%. 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.