Realty Income Co. (NYSE:O) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its holdings in Realty Income Co. (NYSE:O) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 720,346 shares of the real estate investment trust’s stock after buying an additional 10,878 shares during the period. New York State Teachers Retirement System’s holdings in Realty Income were worth $38,474,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of O. Trust Co. of Vermont grew its stake in Realty Income by 12.7% during the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock valued at $13,540,000 after acquiring an additional 28,480 shares in the last quarter. Atlanta Consulting Group Advisors LLC purchased a new position in Realty Income during the 3rd quarter valued at about $896,000. Charles Schwab Investment Management Inc. grew its stake in Realty Income by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after acquiring an additional 463,286 shares in the last quarter. Swiss National Bank grew its stake in Realty Income by 1.4% during the 3rd quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after acquiring an additional 35,100 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Realty Income by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after acquiring an additional 74,185 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on O shares. Barclays lowered their price target on Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target for the company. Stifel Nicolaus lowered their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. UBS Group lowered their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Finally, Mizuho lowered their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.21.

Realty Income Stock Down 0.7 %

Shares of O stock opened at $54.53 on Friday. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The firm has a market cap of $47.73 billion, a PE ratio of 51.93, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00. The stock has a 50 day moving average of $53.93 and a 200-day moving average of $58.20. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income Announces Dividend

The firm also recently declared a feb 25 dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.264 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is presently 301.91%.

Realty Income Company 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.