Employees Retirement System of Texas grew its holdings in Realty Income Co. (NYSE:O - Free Report) by 19.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 488,183 shares of the real estate investment trust's stock after acquiring an additional 78,000 shares during the period. Employees Retirement System of Texas owned 0.06% of Realty Income worth $26,074,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Lee Danner & Bass Inc. purchased a new position in shares of Realty Income in the fourth quarter valued at about $28,000. Hopwood Financial Services Inc. bought a new position in shares of Realty Income during the fourth quarter worth $29,000. Sierra Ocean LLC purchased a new stake in Realty Income in the 4th quarter worth $32,000. Millstone Evans Group LLC purchased a new position in shares of Realty Income during the fourth quarter valued at about $34,000. Finally, BankPlus Trust Department bought a new stake in shares of Realty Income in the fourth quarter worth about $37,000. Institutional investors own 70.81% of the company's stock.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Barclays lifted their price objective on Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, March 4th. Royal Bank of Canada lowered their price objective on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Mizuho boosted their target price on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Scotiabank lowered their price target on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating for the company in a report on Friday, February 28th. Finally, BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Realty Income currently has a consensus rating of "Hold" and an average price target of $62.42.
Check Out Our Latest Analysis on Realty Income
Realty Income Trading Up 0.4 %
O traded up $0.20 during trading hours on Thursday, reaching $54.18. 4,585,862 shares of the company's stock traded hands, compared to its average volume of 5,291,635. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $55.86 and a 200 day moving average price of $56.82. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The firm has a market capitalization of $48.31 billion, a PE ratio of 51.42, a PEG ratio of 2.10 and a beta of 0.79.
Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, sell-side analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.
Realty Income Announces Dividend
The business also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.2685 per share. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Thursday, May 1st. Realty Income's dividend payout ratio is presently 328.57%.
About Realty Income
(
Free Report)
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.
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