VIRGINIA RETIREMENT SYSTEMS ET Al Invests $27.52 Million in Realty Income Corporation $O

Key Points

• Virginia Retirement Systems has invested approximately $27.52 million in Realty Income Corporation, acquiring 477,682 shares of the REIT during the second quarter.
• Realty Income recently announced a monthly dividend of $0.2695 per share, yielding 5.4%, with the dividend scheduled for payment on November 14th.
• Research firms have mixed ratings for Realty Income, with a consensus "Hold" rating and a target price averaging $62.25, while UBS Group recently upgraded their target from $62 to $66.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Realty Income Corporation (NYSE:O - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 477,682 shares of the real estate investment trust's stock, valued at approximately $27,519,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.05% of Realty Income as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Moseley Investment Management Inc. lifted its holdings in Realty Income by 1.3% in the 2nd quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust's stock valued at $781,000 after purchasing an additional 175 shares in the last quarter. Castle Rock Wealth Management LLC raised its position in shares of Realty Income by 0.6% in the second quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust's stock valued at $1,552,000 after buying an additional 177 shares during the last quarter. Revisor Wealth Management LLC lifted its stake in shares of Realty Income by 2.3% during the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust's stock valued at $454,000 after buying an additional 178 shares during the period. Pure Financial Advisors LLC lifted its stake in shares of Realty Income by 3.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust's stock worth $318,000 after purchasing an additional 185 shares during the period. Finally, N.E.W. Advisory Services LLC boosted its stake in Realty Income by 1.2% in the 1st quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust's stock worth $899,000 after buying an additional 186 shares during the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on O. Cantor Fitzgerald initiated coverage on shares of Realty Income in a research note on Wednesday, October 1st. They set a "neutral" rating and a $64.00 price objective for the company. UBS Group boosted their target price on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Evercore ISI started coverage on shares of Realty Income in a report on Wednesday, October 1st. They issued an "in-line" rating and a $62.00 price target on the stock. Barclays boosted their price objective on shares of Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 20th. Finally, Wolfe Research downgraded shares of Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $62.25.

Realty Income Price Performance

Shares of O stock opened at $59.97 on Monday. The firm has a fifty day simple moving average of $59.16 and a 200-day simple moving average of $57.56. The company has a market capitalization of $54.83 billion, a PE ratio of 58.22, a price-to-earnings-growth ratio of 4.58 and a beta of 0.78. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $64.88. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72.

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 firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 EPS. Equities research analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.2695 per share. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a yield of 5.4%. Realty Income's payout ratio is currently 313.59%.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the company's stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the transaction, the director directly owned 19,211 shares of the company's stock, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.