California Public Employees Retirement System Has $192.46 Million Stake in Realty Income Corporation $O

Key Points

• California Public Employees Retirement System cut its stake in Realty Income by 14.1% to 3,340,694 shares, worth about $192.46 million and representing 0.37% of the company.
• Realty Income declared a monthly dividend of $0.2695 (record Nov 28, paid Dec 15), implying a roughly 5.5% yield299.07%.
• Realty Income beat the quarter with $1.08 EPS vs. $1.07 expected and $1.47B revenue vs. $1.35B expected, and set FY2025 guidance of $4.25–$4.27 EPS (analysts ~4.19).

California Public Employees Retirement System reduced its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 14.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,340,694 shares of the real estate investment trust's stock after selling 549,921 shares during the period. California Public Employees Retirement System owned 0.37% of Realty Income worth $192,457,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in O. Compagnie Lombard Odier SCmA bought a new position in shares of Realty Income during the second quarter worth about $25,000. Keystone Global Partners LLC acquired a new stake in Realty Income during the 1st quarter valued at approximately $26,000. Avion Wealth raised its holdings in Realty Income by 142.4% during the 2nd 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 last quarter. Twin Peaks Wealth Advisors LLC bought a new position in Realty Income during the 2nd quarter worth approximately $31,000. Finally, Country Trust Bank lifted its position in shares of Realty Income by 806.5% in the 2nd 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 during the period. Institutional investors own 70.81% of the company's stock.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the business's stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the sale, the director owned 19,211 shares in the company, valued at $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Realty Income Trading Up 0.4%

O opened at $58.42 on Monday. The company has a fifty day moving average price of $58.31 and a two-hundred day moving average price of $57.97. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $61.08. The company has a market cap of $53.74 billion, a P/E ratio of 54.09, a price-to-earnings-growth ratio of 3.67 and a beta of 0.80. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.01. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations 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 earned $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be paid a $0.2695 dividend. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Friday, November 28th. Realty Income's dividend payout ratio (DPR) is 299.07%.

Wall Street Analyst Weigh In

O has been the subject of several recent analyst reports. Mizuho increased their price objective on shares of Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, September 11th. Barclays upped their price target on shares of Realty Income from $63.00 to $64.00 and gave the company an "equal weight" rating in a research report on Wednesday. Royal Bank Of Canada increased their price target on Realty Income from $60.00 to $61.00 and gave the stock an "outperform" rating in a report on Tuesday, November 4th. Wall Street Zen downgraded Realty Income from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, Wells Fargo & Company upped their target price on Realty Income from $59.00 to $60.00 and gave the company an "equal weight" rating in a research report on Tuesday, November 25th. Three research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $62.23.

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.

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