VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Realty Income Corporation $O

Key Points

• Virginia Retirement Systems purchased 353,365 shares of Realty Income valued at approximately $21.9 million during the second quarter. Institutional investors and hedge funds collectively own 70.81% of the REIT.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $67.23, compared with the shares’ opening price of $61.22.
• Realty Income reported quarterly revenue of $1.55 billion, up 9.7% year over year, while matching expectations with $1.09 earnings per share. The company also announced a monthly dividend of $0.271 per share, representing an annualized yield of about 5.3%.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Realty Income Corporation (NYSE:O - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 353,365 shares of the real estate investment trust's stock, valued at approximately $21,894,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. EFG International AG acquired a new stake in shares of Realty Income during the 4th quarter worth approximately $26,000. Dunhill Financial LLC bought a new position in Realty Income in the second quarter valued at approximately $27,000. Evolution Wealth Management Inc. raised its position in Realty Income by 257.1% during the fourth quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 360 shares in the last quarter. Quattro Advisors LLC acquired a new position in Realty Income during the fourth quarter valued at approximately $29,000. Finally, Sankala Group LLC bought a new stake in Realty Income during the fourth quarter worth $32,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on O. Freedom Capital raised Realty Income from a "hold" rating to a "strong-buy" rating in a report on Monday, May 11th. Robert W. Baird boosted their price target on Realty Income from $64.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, July 6th. Mizuho dropped their price objective on Realty Income from $68.00 to $66.00 and set a "neutral" rating for the company in a research report on Wednesday, May 13th. Jefferies Financial Group began coverage on Realty Income in a research note on Monday, June 1st. They issued a "buy" rating and a $69.00 price objective on the stock. Finally, UBS Group set a $67.00 target price on Realty Income in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $67.23.

Realty Income Price Performance

Shares of NYSE:O opened at $61.22 on Tuesday. Realty Income Corporation has a one year low of $55.86 and a one year high of $67.93. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88. The company has a market cap of $57.93 billion, a price-to-earnings ratio of 44.69, a PEG ratio of 4.35 and a beta of 0.71. The firm has a 50 day simple moving average of $63.23 and a 200 day simple moving average of $63.00.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, hitting analysts' consensus estimates of $1.09. Realty Income had a net margin of 20.93% and a return on equity of 3.12%. The firm had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.40 billion. During the same quarter in the previous year, the firm posted $1.05 earnings per share. The company's revenue was up 9.7% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Research analysts predict that Realty Income Corporation will post 4.43 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.271 dividend. The ex-dividend date is Monday, August 31st. This represents a c) annualized dividend and a yield of 5.3%. Realty Income's dividend payout ratio (DPR) is currently 237.23%.

Realty Income Company Profile

Realty Income Corporation NYSE: O is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company's business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income's portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.

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