Realty Income Co. (NYSE:O) Stock Position Raised by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Realty Income Co. (NYSE:O - Free Report) by 37.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 469,674 shares of the real estate investment trust's stock after purchasing an additional 127,526 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.05% of Realty Income worth $25,085,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of O. Raymond James Financial Inc. purchased a new stake in Realty Income in the 4th quarter valued at about $553,572,000. Trust Co. of Vermont raised its stake in Realty Income by 12.7% during the fourth quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock worth $13,540,000 after purchasing an additional 28,480 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Realty Income by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust's stock valued at $617,028,000 after purchasing an additional 463,286 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock valued at $40,656,000 after buying an additional 166,178 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Realty Income by 6.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust's stock worth $93,850,000 after buying an additional 101,184 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on O shares. Barclays boosted their price target on Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 4th. BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price for the company. in a research report on Tuesday, February 25th. Royal Bank of Canada decreased 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 note on Wednesday, February 26th. Mizuho cut their target price on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Realty Income currently has an average rating of "Hold" and a consensus price target of $62.04.

Realty Income Stock Up 0.9 %

O traded up $0.52 during trading on Monday, hitting $56.32. The company had a trading volume of 4,696,584 shares, compared to its average volume of 4,993,661. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $50.21 billion, a PE ratio of 53.63, a P/E/G ratio of 2.10 and a beta of 1.00. The business has a 50-day moving average of $55.52 and a 200-day moving average of $57.47.

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 during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.2685 dividend. This represents a dividend yield of 5.7%. This is an increase from Realty Income's previous apr 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 1st. Realty Income's payout ratio is 328.57%.

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.