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

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Realty Income Co. (NYSE:O - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 22,653 shares of the real estate investment trust's stock, valued at approximately $1,437,000.

A number of other institutional investors have also modified their holdings of O. ZWJ Investment Counsel Inc. lifted its stake in Realty Income by 0.6% in the third quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust's stock valued at $1,857,000 after buying an additional 164 shares during the last quarter. Whittier Trust Co. lifted its position in Realty Income by 4.5% in the 3rd quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust's stock valued at $245,000 after purchasing an additional 166 shares during the last quarter. Greenleaf Trust boosted its stake in Realty Income by 1.0% during the 3rd quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust's stock valued at $1,072,000 after purchasing an additional 170 shares during the period. Grove Bank & Trust grew its position in Realty Income by 14.3% in the 3rd quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust's stock worth $89,000 after purchasing an additional 176 shares during the last quarter. Finally, Buckley Wealth Management LLC increased its stake in shares of Realty Income by 1.9% in the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust's stock valued at $599,000 after purchasing an additional 176 shares during the period. Institutional investors own 70.81% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price target on Realty Income from $60.00 to $67.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 3rd. Robert W. Baird raised their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a "neutral" rating in a research note on Tuesday, August 6th. Stifel Nicolaus reduced their price target on shares of Realty Income from $70.50 to $70.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Finally, Wedbush initiated coverage on Realty Income in a report on Monday, August 19th. They set a "neutral" rating and a $64.00 target price on the stock. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Realty Income has an average rating of "Hold" and a consensus target price of $63.85.

Insiders Place Their Bets

In other news, Director Mary Hogan Preusse sold 1,712 shares of the company's stock in a transaction dated 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 owns 26,579 shares in the company, valued at approximately $1,663,313.82. This represents a 6.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company's stock.

Realty Income Trading Up 0.1 %

Shares of NYSE O 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. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The business has a 50-day moving average price of $60.76 and a two-hundred day moving average price of $58.07. The firm has a market capitalization of $50.28 billion, a PE ratio of 54.71, a PEG ratio of 4.04 and a beta of 0.99.

Realty Income (NYSE:O - Get Free Report) 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter in the previous year, the company earned $1.02 EPS. The firm's quarterly revenue was up 28.1% compared to the same quarter last year. As a group, analysts predict that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a $0.2635 dividend. The ex-dividend date is Monday, December 2nd. This is a boost from Realty Income's previous monthly dividend of $0.24. This represents a $3.16 dividend on an annualized basis and a yield of 5.50%. Realty Income's payout ratio is 300.96%.

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.