Realty Income Co. (NYSE:O) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its stake in Realty Income Co. (NYSE:O - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 720,346 shares of the real estate investment trust's stock after acquiring an additional 10,878 shares during the period. New York State Teachers Retirement System owned 0.08% of Realty Income worth $38,474,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Realty Income by 765.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust's stock valued at $478,556,000 after buying an additional 6,673,617 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Realty Income by 92.4% in the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust's stock worth $410,932,000 after buying an additional 3,112,560 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Realty Income by 3,150.5% during the third quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust's stock valued at $175,142,000 after buying an additional 2,675,266 shares during the last quarter. Parnassus Investments LLC lifted its position in Realty Income by 7.4% during the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust's stock worth $1,550,506,000 after acquiring an additional 1,676,293 shares during the period. Finally, Bank of Montreal Can grew its stake in Realty Income by 102.1% during the 3rd quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust's stock valued at $137,502,000 after purchasing an additional 1,107,493 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $62.00 price target on shares of Realty Income in a research report on Monday, January 27th. Stifel Nicolaus decreased their target price on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Scotiabank lowered their price target on shares of Realty Income from $61.00 to $59.00 and set a "sector perform" rating on the stock in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research note on Wednesday, December 11th. They set a "hold" rating and a $62.00 price objective for the company. Finally, Barclays lowered their target price on Realty Income from $59.00 to $56.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Realty Income currently has an average rating of "Hold" and a consensus target price of $62.21.

Realty Income Price Performance

O traded up $0.69 during trading on Tuesday, hitting $55.18. The company's stock had a trading volume of 3,803,439 shares, compared to its average volume of 4,575,630. The firm has a market capitalization of $48.29 billion, a price-to-earnings ratio of 52.55, a P/E/G ratio of 1.94 and a beta of 1.00. Realty Income Co. has a twelve month low of $50.65 and a twelve month high of $64.88. The business's fifty day simple moving average is $53.86 and its 200 day simple moving average is $58.15. 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 Dividend Announcement

The business also recently declared a feb 25 dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were paid a $0.264 dividend. The ex-dividend date was Monday, February 3rd. This represents a yield of 5.9%. Realty Income's dividend payout ratio is currently 301.91%.

About Realty Income

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.