Realty Income Co. (NYSE:O) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Realty Income Co. (NYSE:O) by 37.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 469,674 shares of the real estate investment trust’s stock after acquiring an additional 127,526 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Realty Income were worth $25,085,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of O. Empowered Funds LLC lifted its stake in Realty Income by 2.9% during the third quarter. Empowered Funds LLC now owns 15,101 shares of the real estate investment trust’s stock valued at $954,000 after buying an additional 428 shares in the last quarter. Pathstone Holdings LLC lifted its stake in Realty Income by 14.0% during the third quarter. Pathstone Holdings LLC now owns 76,316 shares of the real estate investment trust’s stock valued at $4,840,000 after buying an additional 9,358 shares in the last quarter. Caprock Group LLC lifted its stake in Realty Income by 28.1% during the third quarter. Caprock Group LLC now owns 8,687 shares of the real estate investment trust’s stock valued at $551,000 after buying an additional 1,904 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in Realty Income by 77.3% during the third quarter. Fifth Third Wealth Advisors LLC now owns 11,567 shares of the real estate investment trust’s stock valued at $734,000 after buying an additional 5,043 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Realty Income during the third quarter valued at about $1,437,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Trading Up 0.0 %

NYSE:O opened at $56.45 on Friday. The stock’s 50 day moving average price is $55.44 and its 200 day moving average price is $57.58. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The company has a market capitalization of $50.33 billion, a P/E ratio of 53.76, a P/E/G ratio of 2.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last announced its quarterly earnings results 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). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. On average, research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

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

Analyst Ratings Changes

A number of analysts have commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Mizuho reduced their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada reduced their price target 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. Barclays increased their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus reduced their price target 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. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average price target of $62.04.

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.