Treasurer of the State of North Carolina Increases Stock Position in Realty Income Co. (NYSE:O)

Treasurer of the State of North Carolina increased its position in shares of Realty Income Co. (NYSE:O) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 393,633 shares of the real estate investment trust’s stock after buying an additional 1,840 shares during the period. Treasurer of the State of North Carolina’s holdings in Realty Income were worth $21,024,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. purchased a new position in shares of Realty Income during the 4th quarter valued at approximately $28,000. Hopwood Financial Services Inc. acquired a new stake in Realty Income in the fourth quarter valued at $29,000. Sierra Ocean LLC bought a new position in Realty Income during the 4th quarter valued at $32,000. Millstone Evans Group LLC acquired a new position in Realty Income during the 4th quarter worth $34,000. Finally, BankPlus Trust Department bought a new stake in shares of Realty Income in the 4th quarter worth about $37,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of Realty Income stock opened at $55.14 on Friday. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $49.17 billion, a PE ratio of 52.51, a price-to-earnings-growth ratio of 2.10 and a beta of 0.79. The company’s 50-day moving average price is $55.87 and its two-hundred day moving average price is $56.70.

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

Realty Income Announces Dividend

The company also recently announced a may 25 dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.2685 dividend. This represents a dividend yield of 6%. The ex-dividend date is Thursday, May 1st. Realty Income’s payout ratio is 328.57%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on O shares. Barclays lifted their target price on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Scotiabank decreased their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Stifel Nicolaus dropped their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada decreased their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a research note on Tuesday, February 25th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and an average price target of $62.42.

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.