Public Sector Pension Investment Board Has $13.57 Million Stock Position in Realty Income Corporation (NYSE:O)

Key Points

• The Public Sector Pension Investment Board has increased its holdings in Realty Income Corporation by 3.0%, totaling 233,979 shares valued at approximately $13.57 million.
• Several institutional investors, including PSI Advisors LLC and FSC Wealth Advisors LLC, have significantly increased their positions, with PSI increasing by 78.3% and FSC by 288.0% in the first quarter.
• Realty Income recently declared a dividend of $0.269 per share with a payout ratio of 312.62%, highlighting its commitment to providing reliable monthly dividends.

Public Sector Pension Investment Board grew its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 3.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 233,979 shares of the real estate investment trust's stock after purchasing an additional 6,892 shares during the period. Public Sector Pension Investment Board's holdings in Realty Income were worth $13,573,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of O. PSI Advisors LLC lifted its stake in Realty Income by 78.3% in the 1st quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 252 shares in the last quarter. FSC Wealth Advisors LLC lifted its stake in Realty Income by 288.0% in the 1st quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 455 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in Realty Income in the 4th quarter worth about $34,000. Orion Capital Management LLC purchased a new stake in Realty Income in the 4th quarter worth about $37,000. Finally, CVA Family Office LLC lifted its stake in Realty Income by 52.8% in the 1st quarter. CVA Family Office LLC now owns 787 shares of the real estate investment trust's stock worth $46,000 after acquiring an additional 272 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Up 0.5%

Shares of NYSE O traded up $0.28 during mid-day trading on Wednesday, reaching $57.94. 4,658,898 shares of the company traded hands, compared to its average volume of 4,689,639. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $52.98 billion, a PE ratio of 56.25, a price-to-earnings-growth ratio of 4.58 and a beta of 0.76. The company's fifty day moving average is $57.30 and its two-hundred day moving average is $56.50. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $64.88.

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

Realty Income Dividend Announcement

The business also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.269 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a dividend yield of 570.0%. Realty Income's dividend payout ratio is currently 313.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. UBS Group reduced 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. JPMorgan Chase & Co. reduced 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. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a research report on Tuesday, April 22nd. Wedbush reaffirmed a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Finally, Wolfe Research lowered Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $61.36.

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.