Maryland State Retirement & Pension System Sells 5,796 Shares of Realty Income Corporation (NYSE:O)

Key Points

• The Maryland State Retirement & Pension System reduced its stake in Realty Income Corporation by 12.5%, owning 40,744 shares valued at $2,364,000 after selling 5,796 shares.
• Institutional investors hold approximately 70.81% of Realty Income stock, with various hedge funds increasing their positions significantly in recent quarters.
• Realty Income announced a dividend of $0.269 per share to be paid on August 15th, with a high payout ratio of 293.64%.

Maryland State Retirement & Pension System decreased its holdings in shares of Realty Income Corporation (NYSE:O - Free Report) by 12.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,744 shares of the real estate investment trust's stock after selling 5,796 shares during the quarter. Maryland State Retirement & Pension System's holdings in Realty Income were worth $2,364,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Keynote Financial Services LLC acquired a new position in Realty Income in the 1st quarter valued at $420,000. Ontario Teachers Pension Plan Board grew its stake in Realty Income by 326.4% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 19,109 shares of the real estate investment trust's stock valued at $1,109,000 after buying an additional 14,628 shares during the last quarter. Deutsche Bank AG grew its stake in Realty Income by 28.7% in the 1st quarter. Deutsche Bank AG now owns 2,301,849 shares of the real estate investment trust's stock valued at $133,530,000 after buying an additional 512,886 shares during the last quarter. Roof Eidam Maycock Peralta LLC acquired a new position in Realty Income in the 1st quarter valued at $383,000. Finally, Chicago Partners Investment Group LLC grew its stake in Realty Income by 20.9% in the 1st quarter. Chicago Partners Investment Group LLC now owns 12,865 shares of the real estate investment trust's stock valued at $730,000 after buying an additional 2,225 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

O has been the topic of a number of research analyst reports. Scotiabank raised their target price on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Barclays reissued an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. UBS Group reduced their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Wedbush reaffirmed a "neutral" rating and set a $61.00 price objective on shares of Realty Income in a report on Wednesday, May 7th. Finally, Stifel Nicolaus raised their price objective on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $61.36.

Realty Income Price Performance

Realty Income stock traded up $0.40 during trading hours on Friday, hitting $57.49. 4,535,056 shares of the stock were exchanged, compared to its average volume of 5,369,053. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.74 and a current ratio of 1.85. The stock has a market capitalization of $51.92 billion, a P/E ratio of 55.82, a P/E/G ratio of 4.03 and a beta of 0.76. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $64.88. The business's 50-day moving average is $57.21 and its two-hundred day moving average is $56.44.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly 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). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%. The company's quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm earned $1.07 earnings per share. Equities research analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a $0.269 dividend. This represents a dividend yield of 570.0%. The ex-dividend date is Friday, August 1st. Realty Income's dividend payout ratio is 312.62%.

Realty Income 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.