California Public Employees Retirement System Decreases Stock Position in Realty Income Corporation $O

California Public Employees Retirement System cut its holdings in Realty Income Corporation (NYSE:O) by 15.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,827,696 shares of the real estate investment trust’s stock after selling 512,998 shares during the quarter. California Public Employees Retirement System owned 0.31% of Realty Income worth $171,896,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in O. Crescent Sterling Ltd. boosted its position in shares of Realty Income by 4.1% during the third quarter. Crescent Sterling Ltd. now owns 4,515 shares of the real estate investment trust’s stock valued at $274,000 after buying an additional 176 shares during the last quarter. Gold Investment Management Ltd. raised its position in Realty Income by 0.3% in the 3rd quarter. Gold Investment Management Ltd. now owns 56,665 shares of the real estate investment trust’s stock worth $3,445,000 after buying an additional 182 shares during the last quarter. Hantz Financial Services Inc. raised its position in Realty Income by 21.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,097 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 193 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in Realty Income by 1.3% during the 3rd quarter. HBK Sorce Advisory LLC now owns 15,578 shares of the real estate investment trust’s stock valued at $926,000 after acquiring an additional 195 shares during the period. Finally, Code Waechter LLC lifted its stake in Realty Income by 2.2% during the 3rd quarter. Code Waechter LLC now owns 9,016 shares of the real estate investment trust’s stock valued at $530,000 after acquiring an additional 196 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income News Summary

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Mizuho increased its price target to $68, signaling stronger analyst conviction on growth from acquisitions and partnerships. Mizuho Raises Price Target
• Positive Sentiment: Scotiabank raised its price target to $69, adding to the street momentum that clusters targets in the high-$60s. Scotiabank Price Target Raise
• Positive Sentiment: Realty Income declared its 134th monthly dividend increase to $0.2705 per share (annualized ~$3.246; ~5% yield), with record date March 31 — supporting the REIT’s income story. Dividend Increase
• Positive Sentiment: Coverage noting stronger balance-sheet capacity and $6.3B of 2025 investments reinforces Realty Income’s ability to fund acquisitions and joint ventures. Balance Sheet Strength
• Neutral Sentiment: Barclays nudged its price target to $65 but kept an “equal weight” rating, implying limited near-term upside from that shop. Barclays Note
• Neutral Sentiment: Broader media pieces and lists highlighting high-yield dividend stocks (including REITs) keep income names in focus, but they also emphasize competition for yield across the sector. Dividend Stocks List
• Negative Sentiment: Valuation and limited upside may be constraining: a high P/E and clustered analyst targets near current levels mean upside from here could be modest, which helps explain downward pressure on the share price today.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on O shares. Royal Bank Of Canada lifted their price target on shares of Realty Income from $61.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. Scotiabank increased their price objective on shares of Realty Income from $67.00 to $69.00 and gave the company a “sector outperform” rating in a research report on Wednesday, March 11th. Wall Street Zen raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Evercore reiterated a “positive” rating on shares of Realty Income in a research note on Wednesday, February 25th. Finally, Cantor Fitzgerald increased their price target on Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average price target of $66.39.

Realty Income Price Performance

Shares of NYSE:O opened at $64.42 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $60.07 billion, a PE ratio of 55.06, a price-to-earnings-growth ratio of 4.79 and a beta of 0.77. The firm’s 50 day moving average price is $62.95 and its 200-day moving average price is $59.91. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $67.93.

Realty Income (NYSE:O) last announced its earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 EPS for the quarter, meeting analysts’ consensus estimates of $1.08. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 earnings per share. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. Equities research analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.2705 dividend. The ex-dividend date is Tuesday, March 31st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a yield of 5.0%. Realty Income’s dividend payout ratio (DPR) is currently 276.92%.

About Realty Income

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.