Employees Retirement System of Texas Raises Holdings in Realty Income Co. (NYSE:O)

Employees Retirement System of Texas grew its stake in Realty Income Co. (NYSE:O - Free Report) by 19.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 488,183 shares of the real estate investment trust's stock after buying an additional 78,000 shares during the quarter. Employees Retirement System of Texas owned 0.06% of Realty Income worth $26,074,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of O. Lee Danner & Bass Inc. acquired a new position in Realty Income in the 4th quarter worth about $28,000. Hopwood Financial Services Inc. acquired a new position in Realty Income in the 4th quarter worth about $29,000. Sierra Ocean LLC acquired a new position in Realty Income in the 4th quarter worth about $32,000. Millstone Evans Group LLC acquired a new position in Realty Income in the 4th quarter worth about $34,000. Finally, Fourth Dimension Wealth LLC acquired a new position in Realty Income in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on O shares. UBS Group cut their price objective on Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Scotiabank boosted their price objective on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Mizuho boosted their price objective on Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. cut their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Realty Income currently has an average rating of "Hold" and an average price target of $61.15.

Realty Income Price Performance

Shares of O stock traded down $0.29 during trading hours on Wednesday, reaching $55.87. The company had a trading volume of 3,299,821 shares, compared to its average volume of 5,199,076. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a fifty day moving average of $56.19 and a 200-day moving average of $55.61. The company has a market capitalization of $50.46 billion, a price-to-earnings ratio of 53.21, a PEG ratio of 2.10 and a beta of 0.78. Realty Income Co. has a 12-month low of $50.71 and a 12-month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.06. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business's revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 earnings per share. On average, equities analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given a $0.2685 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 5.8%. Realty Income's payout ratio is 292.73%.

About Realty Income

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.