Realty Income Co. (NYSE:O) Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its position in shares of Realty Income Co. (NYSE:O) by 5.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 408,130 shares of the real estate investment trust’s stock after acquiring an additional 22,476 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Realty Income were worth $23,435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its stake in Realty Income by 3.9% in the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after purchasing an additional 4,172,231 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Realty Income by 69.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,922,207 shares of the real estate investment trust’s stock worth $95,995,000 after purchasing an additional 785,476 shares during the period. Ceredex Value Advisors LLC acquired a new stake in Realty Income in the 3rd quarter valued at approximately $38,192,000. International Assets Investment Management LLC increased its position in Realty Income by 10,591.3% in the 4th quarter. International Assets Investment Management LLC now owns 622,661 shares of the real estate investment trust’s stock valued at $35,753,000 after acquiring an additional 616,837 shares during the period. Finally, UBS Group AG increased its position in Realty Income by 56.1% in the 3rd quarter. UBS Group AG now owns 1,415,849 shares of the real estate investment trust’s stock valued at $70,707,000 after acquiring an additional 508,933 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on O shares. Mizuho cut their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Royal Bank of Canada increased their price target on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Stifel Nicolaus lowered their price objective 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. Finally, BMO Capital Markets began coverage on Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective for the company. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $60.96.

Insiders Place Their Bets

In other Realty Income 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 value of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Realty Income Stock Up 0.2 %

Shares of NYSE:O traded up $0.13 during midday trading on Thursday, reaching $53.80. The company’s stock had a trading volume of 4,880,077 shares, compared to its average volume of 6,823,906. The firm has a 50 day moving average of $52.59 and a 200-day moving average of $53.45. The firm has a market capitalization of $46.33 billion, a P/E ratio of 42.33, a PEG ratio of 5.54 and a beta of 0.92. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the company earned $1.00 EPS. Realty Income’s revenue for the quarter was up 21.1% compared to the same quarter last year. On average, research analysts anticipate that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Announces Dividend

The business also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a $0.257 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income’s dividend payout ratio is presently 244.45%.

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.