Realty Income Corporation $O Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund raised its stake in Realty Income Corporation (NYSE:O) by 33.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 104,450 shares of the real estate investment trust’s stock after buying an additional 26,370 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Realty Income were worth $6,350,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State of Alaska Department of Revenue grew its holdings in shares of Realty Income by 0.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 540,950 shares of the real estate investment trust’s stock worth $32,883,000 after acquiring an additional 2,413 shares during the last quarter. Capital Investment Advisors LLC increased its stake in Realty Income by 7.9% in the 3rd quarter. Capital Investment Advisors LLC now owns 190,238 shares of the real estate investment trust’s stock worth $11,565,000 after purchasing an additional 14,006 shares in the last quarter. Kingswood Wealth Advisors LLC increased its stake in Realty Income by 4.8% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 12,033 shares of the real estate investment trust’s stock worth $731,000 after purchasing an additional 548 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Realty Income by 2.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 241,015 shares of the real estate investment trust’s stock worth $14,651,000 after buying an additional 5,558 shares during the period. Finally, United Asset Strategies Inc. lifted its stake in Realty Income by 4.6% during the third quarter. United Asset Strategies Inc. now owns 133,623 shares of the real estate investment trust’s stock valued at $8,123,000 after buying an additional 5,829 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Royal Bank Of Canada raised their target price on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Cantor Fitzgerald reduced their price target on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Evercore ISI began coverage on Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 target price for the company. Three 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. Based on data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and a consensus target price of $62.23.

Realty Income Stock Performance

O stock opened at $58.16 on Friday. The firm has a 50 day simple moving average of $57.09 and a 200 day simple moving average of $58.02. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $61.08. The stock has a market cap of $53.50 billion, a P/E ratio of 53.85, a P/E/G ratio of 3.74 and a beta of 0.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53.

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

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.27 per share. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. Realty Income’s dividend payout ratio (DPR) is 300.00%.

About Realty Income

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.