Retirement Systems of Alabama Purchases 2,134 Shares of Realty Income Co. (NYSE:O)

Retirement Systems of Alabama increased its stake in shares of Realty Income Co. (NYSE:O) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 693,129 shares of the real estate investment trust’s stock after purchasing an additional 2,134 shares during the quarter. Retirement Systems of Alabama owned about 0.08% of Realty Income worth $37,020,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Parnassus Investments LLC grew its stake in shares of Realty Income by 7.4% during the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock valued at $1,550,506,000 after purchasing an additional 1,676,293 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Realty Income by 1.1% in the third quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock valued at $1,445,036,000 after buying an additional 242,786 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Realty Income by 5.0% in the third 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 buying an additional 463,286 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Realty Income by 765.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock valued at $478,556,000 after buying an additional 6,673,617 shares during the period. Finally, Raymond James & Associates lifted its holdings in Realty Income by 92.4% in the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust’s stock valued at $410,932,000 after buying an additional 3,112,560 shares during the period. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on O shares. Barclays cut their price objective on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Scotiabank cut their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada restated an “outperform” rating and issued a $62.00 price objective on shares of Realty Income in a report on Monday, January 27th. Finally, Mizuho cut their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and a consensus price target of $61.81.

Realty Income Trading Up 0.8 %

Shares of NYSE:O opened at $54.47 on Thursday. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company’s fifty day simple moving average is $54.31 and its 200 day simple moving average is $58.37. The firm has a market cap of $47.67 billion, a price-to-earnings ratio of 51.87, a PEG ratio of 1.96 and a beta of 1.00.

Realty Income (NYSE:O) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period last year, the business posted $1.02 EPS. As a group, research analysts forecast that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $0.264 dividend. This represents a yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s dividend payout ratio (DPR) is currently 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.