Teachers Retirement System of The State of Kentucky Purchases 11,312 Shares of Realty Income Co. (NYSE:O)

Teachers Retirement System of The State of Kentucky raised its position in Realty Income Co. (NYSE:O) by 20.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 67,284 shares of the real estate investment trust’s stock after buying an additional 11,312 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Realty Income were worth $3,640,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in O. DAVENPORT & Co LLC raised its stake in Realty Income by 4.2% during the 4th quarter. DAVENPORT & Co LLC now owns 89,152 shares of the real estate investment trust’s stock worth $5,120,000 after buying an additional 3,570 shares during the period. Hartford Investment Management Co. raised its stake in shares of Realty Income by 1.1% in the 4th quarter. Hartford Investment Management Co. now owns 48,756 shares of the real estate investment trust’s stock valued at $2,800,000 after purchasing an additional 507 shares during the period. Ballentine Partners LLC raised its stake in shares of Realty Income by 4.0% in the 4th quarter. Ballentine Partners LLC now owns 7,824 shares of the real estate investment trust’s stock valued at $449,000 after purchasing an additional 302 shares during the period. Advisory Alpha LLC acquired a new stake in shares of Realty Income in the 4th quarter valued at about $214,000. Finally, Arizona State Retirement System raised its stake in shares of Realty Income by 4.6% in the 4th quarter. Arizona State Retirement System now owns 199,413 shares of the real estate investment trust’s stock valued at $11,450,000 after purchasing an additional 8,856 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Up 2.3 %

Shares of O stock traded up $1.31 during mid-day trading on Friday, reaching $59.32. The stock had a trading volume of 8,459,441 shares, compared to its average volume of 4,528,689. The stock’s 50-day moving average price is $54.41 and its two-hundred day moving average price is $53.81. Realty Income Co. has a 52-week low of $45.03 and a 52-week high of $60.25. The firm has a market capitalization of $51.65 billion, a PE ratio of 54.93, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65.

Realty Income (NYSE:O) last issued its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.87). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. Equities analysts expect that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a $0.263 dividend. The ex-dividend date is Thursday, August 1st. This represents a yield of 5.7%. Realty Income’s payout ratio is presently 292.59%.

Analyst Upgrades and Downgrades

O has been the topic of several recent research reports. KeyCorp initiated coverage on Realty Income in a research note on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Scotiabank lifted their price target on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. Mizuho raised their price objective on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, UBS Group raised their price objective on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus target price of $61.88.

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.