Teacher Retirement System of Texas raised its holdings 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 and Exchange Commission. The fund owned 168,528 shares of the real estate investment trust's stock after purchasing an additional 117,159 shares during the period. Teacher Retirement System of Texas' holdings in Realty Income were worth $9,776,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Realty Income by 27.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock worth $40,656,000 after purchasing an additional 166,178 shares during the last quarter. Employees Retirement System of Texas grew its stake in Realty Income by 19.0% in the fourth quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock worth $26,074,000 after purchasing an additional 78,000 shares in the last quarter. Sterling Capital Management LLC grew its stake in Realty Income by 21.2% in the fourth quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock worth $5,958,000 after purchasing an additional 19,527 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Realty Income during the 1st quarter valued at $1,470,000. Finally, Renaissance Technologies LLC boosted its position in Realty Income by 21.6% during the 4th quarter. Renaissance Technologies LLC now owns 715,344 shares of the real estate investment trust's stock valued at $38,207,000 after acquiring an additional 127,300 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.
Realty Income Stock Performance
Shares of NYSE O traded down $0.41 during mid-day trading on Wednesday, hitting $57.08. The stock had a trading volume of 3,165,598 shares, compared to its average volume of 5,234,844. The company has a 50 day moving average of $56.76 and a two-hundred day moving average of $55.82. The firm has a market cap of $51.55 billion, a PE ratio of 51.92, a PEG ratio of 4.03 and a beta of 0.75. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.74 and a current ratio of 1.74. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88.
Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. Research analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.
Realty Income Dividend Announcement
The company also recently disclosed a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a dividend of $0.269 per share. Realty Income's payout ratio is 292.73%.
Wall Street Analyst Weigh In
O has been the subject of several research reports. Stifel Nicolaus boosted their price objective on Realty Income from $65.50 to $68.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Scotiabank upped their price objective on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. JPMorgan Chase & Co. cut their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Wedbush reissued a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Finally, Barclays reaffirmed an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $61.15.
Check Out Our Latest Stock Analysis on O
Realty Income Profile
(
Free Report)
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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