Czech National Bank Purchases 11,471 Shares of Realty Income Co. (NYSE:O)

Czech National Bank boosted its position in Realty Income Co. (NYSE:O) by 6.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 177,405 shares of the real estate investment trust’s stock after purchasing an additional 11,471 shares during the quarter. Czech National Bank’s holdings in Realty Income were worth $11,251,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Realty Income during the fourth quarter valued at $785,000. The Manufacturers Life Insurance Company boosted its position in Realty Income by 6.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 574,569 shares of the real estate investment trust’s stock worth $32,992,000 after purchasing an additional 35,569 shares during the last quarter. Rafferty Asset Management LLC lifted its position in shares of Realty Income by 22.6% during the 4th quarter. Rafferty Asset Management LLC now owns 97,098 shares of the real estate investment trust’s stock valued at $5,575,000 after buying an additional 17,925 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in shares of Realty Income by 39.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 23,629 shares of the real estate investment trust’s stock valued at $1,357,000 after buying an additional 6,630 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Realty Income by 190.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 92,038 shares of the real estate investment trust’s stock valued at $5,285,000 after buying an additional 60,315 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Realty Income stock traded down $0.39 during midday trading on Friday, reaching $62.01. The company’s stock had a trading volume of 5,249,796 shares, compared to its average volume of 5,828,651. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $63.60. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. The stock’s 50 day simple moving average is $61.34 and its 200 day simple moving average is $56.38. The firm has a market capitalization of $54.00 billion, a PE ratio of 57.42, a P/E/G ratio of 4.34 and a beta of 0.99.

Realty Income (NYSE:O) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the business posted $1.00 EPS. Realty Income’s revenue was up 31.4% compared to the same quarter last year. On average, equities research analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently disclosed a oct 24 dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a $0.2635 dividend. This is a positive change from Realty Income’s previous oct 24 dividend of $0.26. This represents a dividend yield of 5%. The ex-dividend date is Tuesday, October 1st. Realty Income’s payout ratio is currently 292.59%.

Insider Activity

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the sale, the director now directly owns 5,257 shares in the company, valued at approximately $319,467.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on O. JPMorgan Chase & Co. increased their target price on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 3rd. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a research report on Tuesday, August 6th. UBS Group lifted their price target on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Robert W. Baird boosted their price objective on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada boosted their price objective on Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $62.80.

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.