Retirement Systems of Alabama Purchases 2,134 Shares of Realty Income Co. (NYSE:O)

Retirement Systems of Alabama grew its position in Realty Income Co. (NYSE:O) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 693,129 shares of the real estate investment trust’s stock after buying an additional 2,134 shares during the period. Retirement Systems of Alabama’s holdings in Realty Income were worth $37,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of O. Czech National Bank grew its position in shares of Realty Income by 6.9% in the 3rd quarter. Czech National Bank now owns 177,405 shares of the real estate investment trust’s stock valued at $11,251,000 after acquiring an additional 11,471 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Realty Income by 25.2% during the 3rd quarter. GAMMA Investing LLC now owns 12,097 shares of the real estate investment trust’s stock worth $767,000 after buying an additional 2,437 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in shares of Realty Income by 88.4% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 19,374 shares of the real estate investment trust’s stock worth $1,229,000 after buying an additional 9,090 shares during the period. Park Place Capital Corp boosted its holdings in shares of Realty Income by 11.6% during the 3rd quarter. Park Place Capital Corp now owns 6,230 shares of the real estate investment trust’s stock worth $395,000 after buying an additional 648 shares during the period. Finally, Atomi Financial Group Inc. boosted its holdings in shares of Realty Income by 43.4% during the 3rd quarter. Atomi Financial Group Inc. now owns 6,236 shares of the real estate investment trust’s stock worth $395,000 after buying an additional 1,888 shares during the period. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on O. UBS Group reduced their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Stifel Nicolaus reduced their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Scotiabank reduced their target price on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating for the company in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Finally, Mizuho dropped their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $61.81.

Realty Income Price Performance

Shares of NYSE:O opened at $54.47 on Thursday. The firm has a 50 day moving average of $54.31 and a 200-day moving average of $58.37. The stock has a market capitalization of $47.67 billion, a PE ratio of 51.87, a PEG ratio of 1.96 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88.

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

Realty Income Announces Dividend

The company also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a $0.264 dividend. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Monday, February 3rd. Realty Income’s payout ratio is presently 301.91%.

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.