DekaBank Deutsche Girozentrale Has $27.17 Million Stock Position in Realty Income Co. (NYSE:O)

DekaBank Deutsche Girozentrale grew its holdings in shares of Realty Income Co. (NYSE:O) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 509,300 shares of the real estate investment trust’s stock after buying an additional 18,885 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.06% of Realty Income worth $27,166,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. American National Bank bought a new position in shares of Realty Income during the fourth quarter valued at about $25,000. Vima LLC bought a new stake in Realty Income in the fourth quarter worth about $25,000. Baystate Wealth Management LLC raised its position in Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares during the period. WASHINGTON TRUST Co raised its position in Realty Income by 65.7% in the first quarter. WASHINGTON TRUST Co now owns 497 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 197 shares during the period. Finally, Northwest Investment Counselors LLC bought a new stake in Realty Income in the first quarter worth about $27,000. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Up 2.3 %

Shares of Realty Income stock traded up $1.31 during trading on Friday, reaching $59.32. The company’s stock had a trading volume of 8,459,441 shares, compared to its average volume of 4,528,689. The firm’s 50-day moving average is $54.41 and its two-hundred day moving average is $53.77. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $60.25. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The company has a market cap of $51.65 billion, a price-to-earnings ratio of 54.93, a PEG ratio of 5.05 and a beta of 0.96.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The company’s quarterly revenue was up 33.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently disclosed a aug 24 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a $0.263 dividend. The ex-dividend date of this dividend is Thursday, August 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Mizuho lifted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Scotiabank lifted their price objective on shares of Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 16th. UBS Group lifted their price objective on shares of Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, KeyCorp initiated coverage on shares of Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $61.88.

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.