New York State Teachers Retirement System Increases Stake in Realty Income Corporation $O

New York State Teachers Retirement System increased its stake in Realty Income Corporation (NYSE:O) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 793,329 shares of the real estate investment trust’s stock after buying an additional 35,643 shares during the period. New York State Teachers Retirement System owned 0.09% of Realty Income worth $48,226,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new position in shares of Realty Income in the 2nd quarter worth approximately $25,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Realty Income during the third quarter valued at approximately $29,000. Avion Wealth grew its stake in Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 309 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in Realty Income in the second quarter worth $31,000. Finally, Country Trust Bank raised its holdings in Realty Income by 806.5% in the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 500 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Down 0.2%

NYSE:O opened at $58.16 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market cap of $53.50 billion, a P/E ratio of 53.85, a P/E/G ratio of 3.74 and a beta of 0.80. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $61.08. The firm has a 50-day simple moving average of $57.09 and a two-hundred day simple moving average of $58.03.

Realty Income (NYSE:O) last issued its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.35 billion. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The business’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.27 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio is 300.00%.

Analyst Ratings Changes

A number of brokerages have recently commented on O. Morgan Stanley boosted their target price on shares of Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, December 24th. Royal Bank Of Canada lifted their price target on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Cantor Fitzgerald dropped their price objective on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Mizuho cut their price objective on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Finally, Wall Street Zen upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a report on Saturday. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Realty Income has a consensus rating of “Hold” and a consensus price target of $62.23.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.