State of Tennessee Department of Treasury Sells 98,592 Shares of Realty Income Co. (NYSE:O)

State of Tennessee Department of Treasury lowered its holdings in Realty Income Co. (NYSE:O - Free Report) by 30.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 222,333 shares of the real estate investment trust's stock after selling 98,592 shares during the quarter. State of Tennessee Department of Treasury's holdings in Realty Income were worth $11,875,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Lee Danner & Bass Inc. bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $28,000. Hopwood Financial Services Inc. purchased a new stake in shares of Realty Income in the 4th quarter worth about $29,000. Sierra Ocean LLC bought a new position in shares of Realty Income in the 4th quarter worth about $32,000. Millstone Evans Group LLC purchased a new position in Realty Income during the 4th quarter valued at about $34,000. Finally, BankPlus Trust Department purchased a new stake in Realty Income in the fourth quarter worth about $37,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

O stock traded down $0.26 during midday trading on Friday, reaching $56.89. 3,852,308 shares of the company's stock traded hands, compared to its average volume of 5,257,817. 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 52-week low of $50.71 and a 52-week high of $64.88. The stock has a market cap of $50.74 billion, a P/E ratio of 54.19, a PEG ratio of 2.10 and a beta of 0.79. The stock's 50-day moving average is $56.50 and its 200 day moving average is $56.41.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The business also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.2685 per share. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income's payout ratio is currently 328.57%.

Analyst Ratings Changes

O has been the subject of several recent research reports. Barclays reiterated an "overweight" rating on shares of Realty Income in a report on Tuesday. Stifel Nicolaus dropped their target price on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada reduced their price target on Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Mizuho upped their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Finally, BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of "Hold" and a consensus target price of $62.35.

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.