Kentucky Retirement Systems Sells 4,949 Shares of Realty Income Co. (NYSE:O)

Kentucky Retirement Systems trimmed its holdings in shares of Realty Income Co. (NYSE:O) by 7.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,669 shares of the real estate investment trust’s stock after selling 4,949 shares during the quarter. Kentucky Retirement Systems’ holdings in Realty Income were worth $3,848,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in O. Blair William & Co. IL boosted its holdings in Realty Income by 15.3% in the first quarter. Blair William & Co. IL now owns 17,514 shares of the real estate investment trust’s stock valued at $947,000 after acquiring an additional 2,321 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Realty Income by 15.8% in the 1st quarter. Orion Portfolio Solutions LLC now owns 16,300 shares of the real estate investment trust’s stock valued at $882,000 after purchasing an additional 2,220 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Realty Income during the first quarter worth $230,000. M&G Plc bought a new position in Realty Income during the first quarter worth $286,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Realty Income by 8.6% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 432,111 shares of the real estate investment trust’s stock worth $23,375,000 after buying an additional 34,040 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Trading Up 0.8 %

NYSE:O opened at $56.54 on Friday. 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 Co. has a one year low of $50.65 and a one year high of $64.88. The company has a market cap of $49.48 billion, a PE ratio of 53.85, a PEG ratio of 3.98 and a beta of 0.99. The firm has a 50-day moving average of $61.31 and a 200-day moving average of $58.01.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the firm posted $1.02 earnings per share. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. As a group, equities research analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.2635 per share. The ex-dividend date is Monday, December 2nd. This is a boost from Realty Income’s previous monthly dividend of $0.24. This represents a $3.16 annualized dividend and a yield of 5.59%. Realty Income’s dividend payout ratio (DPR) is 300.96%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. JPMorgan Chase & Co. increased their price target on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. UBS Group decreased their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday. Royal Bank of Canada dropped their price target on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 6th. Robert W. Baird increased their price target on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, Scotiabank lifted their price objective on shares of Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $63.85.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now owns 26,579 shares of the company’s stock, valued at $1,663,313.82. This trade represents a 6.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the transaction, the director now directly owns 5,257 shares of the company’s stock, valued at approximately $319,467.89. This represents a 48.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

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.