Czech National Bank Has $11.25 Million Stock Holdings in Realty Income Co. (NYSE:O)

Czech National Bank lifted its stake in shares of Realty Income Co. (NYSE:O) by 6.9% during the third quarter, Holdings Channel reports. The firm 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.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV raised its position in Realty Income by 3.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 16,858 shares of the real estate investment trust’s stock valued at $1,069,000 after buying an additional 524 shares during the period. First Financial Bank Trust Division acquired a new position in Realty Income during the third quarter valued at $2,394,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in Realty Income by 117.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 630,500 shares of the real estate investment trust’s stock valued at $33,303,000 after buying an additional 340,500 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group increased its position in Realty Income by 6.8% in the 2nd quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 24,570 shares of the real estate investment trust’s stock worth $1,298,000 after purchasing an additional 1,568 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Realty Income in the 2nd quarter worth about $8,200,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

O traded down $0.39 during trading on Friday, hitting $62.01. The company’s stock had a trading volume of 5,249,796 shares, compared to its average volume of 5,828,651. The firm’s 50 day moving average price is $61.34 and its two-hundred day moving average price is $56.38. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.66. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $63.60. The stock has a market capitalization of $54.00 billion, a price-to-earnings ratio of 57.42, a price-to-earnings-growth 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a return on equity of 3.27% and a net margin of 17.89%. The company’s revenue was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 EPS. Sell-side analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently announced a oct 24 dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a dividend of $0.2635 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a dividend yield of 5%. This is an increase from Realty Income’s previous oct 24 dividend of $0.26. Realty Income’s payout ratio is presently 292.59%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Royal Bank of Canada upped their target price on Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Morgan Stanley reiterated an “equal weight” rating and set a $62.00 price target on shares of Realty Income in a research note on Tuesday, August 6th. Wells Fargo & Company reiterated an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research note on Tuesday. Robert W. Baird raised their price objective on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. raised their price objective on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 3rd. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $62.80.

Insider Transactions at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction 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 completion of the sale, the director now directly owns 26,579 shares of the company’s stock, valued at $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by corporate insiders.

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.