Realty Income Co. (NYSE:O) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its position in shares of Realty Income Co. (NYSE:O) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,095 shares of the real estate investment trust’s stock after selling 2,997 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Realty Income were worth $6,201,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in 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 purchasing an additional 555,908 shares in the last quarter. Geode Capital Management LLC increased its position in Realty Income by 2.9% during 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 purchasing an additional 658,240 shares in the last quarter. Norges Bank acquired a new stake in Realty Income in the fourth quarter valued at approximately $624,666,000. Raymond James Financial Inc. acquired a new stake in Realty Income in the fourth quarter valued at approximately $553,572,000. Finally, Charles Schwab Investment Management Inc. grew its position in Realty Income by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,989,300 shares of the real estate investment trust’s stock valued at $533,529,000 after acquiring an additional 260,071 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on O. Mizuho increased their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, April 3rd. Barclays reiterated an “overweight” rating on shares of Realty Income in a research note on Tuesday, April 22nd. Stifel Nicolaus reduced their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada reduced their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Finally, BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.35.

Realty Income Stock Performance

O stock opened at $57.25 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $51.05 billion, a price-to-earnings ratio of 54.52, a PEG ratio of 2.10 and a beta of 0.79. Realty Income Co. has a 1 year low of $50.71 and a 1 year high of $64.88. The stock’s fifty day moving average is $56.53 and its two-hundred day moving average is $56.31.

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

Realty Income Announces Dividend

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

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.