Teacher Retirement System of Texas Raises Stock Holdings in Realty Income Corporation (NYSE:O)

Teacher Retirement System of Texas lifted its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 228.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 168,528 shares of the real estate investment trust's stock after acquiring an additional 117,159 shares during the period. Teacher Retirement System of Texas' holdings in Realty Income were worth $9,776,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Realty Income by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust's stock valued at $7,436,622,000 after buying an additional 555,908 shares during the period. Geode Capital Management LLC raised its holdings in Realty Income by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock valued at $1,253,584,000 after buying an additional 658,240 shares during the period. Northern Trust Corp increased its stake in Realty Income by 41.2% during the fourth quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock worth $701,792,000 after purchasing an additional 3,834,403 shares during the period. Norges Bank purchased a new stake in Realty Income during the fourth quarter worth about $624,666,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Realty Income by 2.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,318,686 shares of the real estate investment trust's stock worth $230,663,000 after purchasing an additional 110,694 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Realty Income Stock Down 0.9%

Shares of Realty Income stock traded down $0.51 on Wednesday, reaching $56.98. 5,702,729 shares of the company were exchanged, compared to its average volume of 5,250,381. The stock's 50 day moving average price is $56.74 and its 200-day moving average price is $55.82. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market cap of $51.46 billion, a P/E ratio of 51.80, a price-to-earnings-growth ratio of 4.02 and a beta of 0.75. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last announced 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 firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.51% and a net margin of 18.15%. The firm's quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 earnings per share. As a group, equities analysts forecast that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The firm also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a $0.269 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend is Friday, August 1st. Realty Income's dividend payout ratio (DPR) is 293.64%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on O shares. Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. cut their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Stifel Nicolaus boosted their price target on shares of Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Scotiabank boosted their price target on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Finally, Mizuho boosted their price target on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, April 3rd. Nine research 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, Realty Income presently has a consensus rating of "Hold" and a consensus target price of $61.15.

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.