Realty Income Co. (NYSE:O) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its stake in Realty Income Co. (NYSE:O - Free Report) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 690,995 shares of the real estate investment trust's stock after purchasing an additional 15,714 shares during the period. Retirement Systems of Alabama owned 0.08% of Realty Income worth $43,823,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of O. Lantz Financial LLC purchased a new position in Realty Income during the second quarter valued at $234,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Realty Income by 7.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 138,986 shares of the real estate investment trust's stock worth $7,341,000 after buying an additional 9,890 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Realty Income by 19.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 69,419 shares of the real estate investment trust's stock worth $3,667,000 after purchasing an additional 11,539 shares during the last quarter. Swedbank AB grew its position in Realty Income by 1.0% during the second quarter. Swedbank AB now owns 56,351 shares of the real estate investment trust's stock valued at $2,976,000 after buying an additional 585 shares during the period. Finally, Blue Trust Inc. raised its holdings in Realty Income by 3.1% in the 2nd quarter. Blue Trust Inc. now owns 23,156 shares of the real estate investment trust's stock worth $1,253,000 after purchasing an additional 696 shares during the period. Institutional investors own 70.81% of the company's stock.

Realty Income Stock Up 0.4 %

O stock traded up $0.20 during trading on Friday, reaching $55.34. 3,899,139 shares of the company traded hands, compared to its average volume of 5,566,161. The company has a market capitalization of $48.43 billion, a price-to-earnings ratio of 52.71, a price-to-earnings-growth ratio of 3.89 and a beta of 0.98. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The business has a 50 day simple moving average of $59.03 and a 200 day simple moving average of $58.30. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued 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). The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business's revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the business earned $1.02 EPS. On average, equities research analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.264 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from Realty Income's previous jan 25 dividend of $0.26. This represents a yield of 5.7%. Realty Income's payout ratio is currently 300.96%.

Analysts Set New Price Targets

O has been the topic of several recent analyst reports. Wells Fargo & Company restated an "equal weight" rating and set a $65.00 price objective (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Stifel Nicolaus lowered their price objective on Realty Income from $70.50 to $70.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Mizuho lowered Realty Income from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $64.00 to $60.00 in a research note on Thursday, November 14th. Wedbush initiated coverage on Realty Income in a research note on Monday, August 19th. They set a "neutral" rating and a $64.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research note on Wednesday. They issued a "hold" rating and a $62.00 price target for the company. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Realty Income has an average rating of "Hold" and a consensus price target of $63.58.

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.