B. Metzler seel. Sohn & Co. Holding AG Acquires New Position in Realty Income Co. (NYSE:O)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Realty Income Co. (NYSE:O) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 22,653 shares of the real estate investment trust’s stock, valued at approximately $1,437,000.

Other hedge funds have also bought and sold shares of the company. Legal & General Group Plc raised its stake in shares of Realty Income by 4.5% in the second quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust’s stock worth $647,492,000 after purchasing an additional 531,008 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Realty Income by 3.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust’s stock worth $617,043,000 after buying an additional 413,865 shares during the period. APG Asset Management US Inc. raised its position in Realty Income by 3.1% during the 2nd quarter. APG Asset Management US Inc. now owns 8,680,325 shares of the real estate investment trust’s stock worth $454,502,000 after buying an additional 265,000 shares during the last quarter. Raymond James & Associates lifted its stake in Realty Income by 92.4% during the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock valued at $410,932,000 after acquiring an additional 3,112,560 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Realty Income by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,134,407 shares of the real estate investment trust’s stock valued at $324,019,000 after acquiring an additional 116,789 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Up 0.1 %

Shares of Realty Income stock opened at $57.45 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm’s 50-day moving average price is $60.76 and its 200 day moving average price is $58.07. The firm has a market capitalization of $50.28 billion, a PE ratio of 54.71, a P/E/G ratio of 4.02 and a beta of 0.99. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.02 EPS. On average, sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a yield of 5.50%. This is a positive change from Realty Income’s previous monthly dividend of $0.24. Realty Income’s payout ratio is 300.95%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on O shares. Morgan Stanley restated an “equal weight” rating and set a $62.00 target price on shares of Realty Income in a research report on Tuesday, August 6th. JPMorgan Chase & Co. upped 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. Royal Bank of Canada reduced their price target on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. UBS Group decreased their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.85.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The trade was a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by company insiders.

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.