Realty Income Co. (NYSE:O) Stock Holdings Boosted by Strs Ohio

Strs Ohio increased its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 23.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 479,014 shares of the real estate investment trust's stock after buying an additional 90,760 shares during the quarter. Strs Ohio owned about 0.07% of Realty Income worth $27,504,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in O. Compass Wealth Management LLC purchased a new position in shares of Realty Income during the fourth quarter worth about $25,000. Manchester Capital Management LLC lifted its position in Realty Income by 423.0% in the third quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 423 shares during the period. Baystate Wealth Management LLC lifted its position in Realty Income by 62.7% in the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 190 shares during the period. FinTrust Capital Advisors LLC lifted its position in Realty Income by 302.1% in the third quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust's stock valued at $29,000 after purchasing an additional 429 shares during the period. Finally, CVA Family Office LLC acquired a new stake in Realty Income in the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 70.81% of the company's stock.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the firm's stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company's stock.

Realty Income Price Performance

NYSE:O traded down $0.84 during trading hours on Tuesday, reaching $50.81. 7,117,127 shares of the company traded hands, compared to its average volume of 6,960,963. The firm's 50-day moving average is $52.55 and its 200-day moving average is $53.34. The stock has a market cap of $43.75 billion, a P/E ratio of 40.33, a P/E/G ratio of 5.40 and a beta of 0.92. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $1.02 by ($0.72). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a net margin of 21.39% and a return on equity of 4.06%. Realty Income's quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 EPS. Equities research analysts expect that Realty Income Co. will post 4.16 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The firm also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.257 per share. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income's dividend payout ratio (DPR) is 244.45%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on O shares. Mizuho reduced their price objective on shares of Realty Income from $60.00 to $56.00 and set a "buy" rating for the company in a research report on Thursday, March 7th. BMO Capital Markets began coverage on shares of Realty Income in a research report on Tuesday, February 13th. They issued a "market perform" rating and a $57.00 price objective for the company. Royal Bank of Canada lifted their price target on shares of Realty Income from $58.00 to $60.00 and gave the company an "outperform" rating in a research report on Thursday, January 11th. StockNews.com upgraded shares of Realty Income from a "sell" rating to a "hold" rating in a research report on Thursday, February 8th. Finally, Stifel Nicolaus reduced their price target on shares of Realty Income from $67.75 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, February 21st. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $60.96.

About Realty Income

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.