Strs Ohio Has $19.83 Million Position in Realty Income Corporation $O

Strs Ohio cut its holdings in Realty Income Corporation (NYSE:O) by 21.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 326,150 shares of the real estate investment trust’s stock after selling 91,137 shares during the period. Strs Ohio’s holdings in Realty Income were worth $19,827,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Realty Income by 2.5% during the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after purchasing an additional 3,624,852 shares during the period. State Street Corp boosted its holdings in shares of Realty Income by 1.1% during the 2nd quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock worth $3,556,436,000 after buying an additional 676,697 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Realty Income by 8.3% during the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock worth $1,548,687,000 after buying an additional 2,058,031 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Realty Income by 5.8% during the 2nd quarter. Raymond James Financial Inc. now owns 12,011,841 shares of the real estate investment trust’s stock worth $692,002,000 after buying an additional 654,958 shares during the period. Finally, Norges Bank bought a new stake in shares of Realty Income in the 2nd quarter valued at $676,500,000. Institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

O has been the topic of a number of research reports. Barclays boosted their target price on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $61.00 price target on shares of Realty Income in a research note on Thursday, December 18th. Evercore ISI started coverage on shares of Realty Income in a report on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research note on Monday, December 29th. Finally, Wells Fargo & Company boosted their target price on Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $62.71.

Realty Income Stock Performance

O opened at $60.74 on Friday. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $61.95. The company has a market cap of $55.88 billion, a price-to-earnings ratio of 56.24, a PEG ratio of 3.90 and a beta of 0.80. The company’s fifty day moving average price is $57.88 and its two-hundred day moving average price is $58.25. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period last year, the company earned $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be paid a dividend of $0.27 per share. The ex-dividend date is Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 5.3%. Realty Income’s payout ratio is 300.00%.

Realty Income 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.