Ontario Teachers Pension Plan Board Invests $239,000 in Realty Income Co. (NYSE:O)

Ontario Teachers Pension Plan Board acquired a new stake in shares of Realty Income Co. (NYSE:O) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,481 shares of the real estate investment trust’s stock, valued at approximately $239,000.

Several other hedge funds also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $624,666,000. Raymond James Financial Inc. purchased a new position in Realty Income during the 4th quarter worth $553,572,000. California Public Employees Retirement System raised its position in Realty Income by 26.7% during the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust’s stock valued at $205,628,000 after purchasing an additional 811,037 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Realty Income by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust’s stock worth $1,253,584,000 after buying an additional 658,240 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Realty Income by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock worth $7,436,622,000 after buying an additional 555,908 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 1.8 %

Shares of O stock opened at $58.27 on Friday. The stock’s fifty day moving average price is $56.11 and its 200 day moving average price is $56.59. Realty Income Co. has a 1-year low of $50.71 and a 1-year high of $64.88. The company has a market cap of $51.96 billion, a price-to-earnings ratio of 55.49, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. On average, research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be paid a dividend of $0.2685 per share. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income’s payout ratio is currently 328.57%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective for the company. in a report on Tuesday, February 25th. Scotiabank lowered their price target on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Royal Bank of Canada cut their price objective on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Mizuho boosted their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, April 3rd. Finally, Barclays lifted their price target on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.42.

Realty Income 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.