Public Employees Retirement System of Ohio Raises Holdings in Realty Income Corporation $O

Key Points

• The Public Employees Retirement System of Ohio increased its holdings in Realty Income Corporation (NYSE:O) by 4.3%, now owning 1,569,818 shares valued at approximately $90.4 million.
• Realty Income recently increased its monthly dividend to $0.2695 per share, reflecting a 5.4% yield, amid a high dividend payout ratio of 313.59%.
• Analysts have mixed views on Realty Income, with price targets ranging from $58 to $66 and the stock currently having an average rating of "Hold".

Public Employees Retirement System of Ohio increased its position in Realty Income Corporation (NYSE:O - Free Report) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,569,818 shares of the real estate investment trust's stock after buying an additional 65,303 shares during the period. Public Employees Retirement System of Ohio owned 0.17% of Realty Income worth $90,437,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in O. Vanguard Group Inc. raised its holdings in shares of Realty Income by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after acquiring an additional 3,274,853 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Realty Income by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,108,561 shares of the real estate investment trust's stock valued at $702,381,000 after buying an additional 451,307 shares in the last quarter. Invesco Ltd. boosted its position in shares of Realty Income by 0.4% during the first quarter. Invesco Ltd. now owns 11,421,973 shares of the real estate investment trust's stock valued at $662,589,000 after buying an additional 48,024 shares during the period. Raymond James Financial Inc. grew its stake in shares of Realty Income by 9.6% during the first quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock valued at $658,813,000 after buying an additional 992,303 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Realty Income by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,112,801 shares of the real estate investment trust's stock valued at $586,644,000 after buying an additional 123,501 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analyst Weigh In

O has been the subject of a number of recent analyst reports. Scotiabank boosted their price objective on Realty Income from $58.00 to $60.00 and gave the company a "sector perform" rating in a report on Thursday, August 28th. Mizuho boosted their target price on shares of Realty Income from $60.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, September 11th. Barclays upped their price target on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Finally, UBS Group raised their price objective on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Three research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Realty Income presently has an average rating of "Hold" and an average target price of $62.36.

Realty Income Price Performance

Shares of NYSE O opened at $59.58 on Wednesday. The stock has a market capitalization of $54.47 billion, a price-to-earnings ratio of 57.84, a price-to-earnings-growth ratio of 4.51 and a beta of 0.77. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88. The firm has a 50-day simple moving average of $58.24 and a 200-day simple moving average of $57.18. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O - Get Free Report) last released its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same period last year, the business earned $1.07 earnings per share. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. On average, equities analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st will be issued a $0.2695 dividend. The ex-dividend date is Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 5.4%. This is an increase from Realty Income's previous monthly dividend of $0.27. Realty Income's dividend payout ratio (DPR) is currently 313.59%.

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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