Arizona State Retirement System Grows Holdings in Realty Income Corporation (NYSE:O)

Arizona State Retirement System increased its holdings in shares of Realty Income Corporation (NYSE:O) by 3.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 256,850 shares of the real estate investment trust’s stock after purchasing an additional 7,796 shares during the period. Arizona State Retirement System’s holdings in Realty Income were worth $14,900,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in O. Brighton Jones LLC increased its stake in Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after buying an additional 615 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Realty Income in the 4th quarter valued at approximately $5,442,000. Independent Advisor Alliance increased its position in shares of Realty Income by 9.9% in the 4th quarter. Independent Advisor Alliance now owns 24,134 shares of the real estate investment trust’s stock valued at $1,289,000 after purchasing an additional 2,176 shares during the last quarter. HighTower Advisors LLC increased its position in shares of Realty Income by 1.7% in the 4th quarter. HighTower Advisors LLC now owns 380,420 shares of the real estate investment trust’s stock valued at $20,318,000 after purchasing an additional 6,507 shares during the last quarter. Finally, Great Lakes Advisors LLC increased its position in shares of Realty Income by 3.7% in the 4th quarter. Great Lakes Advisors LLC now owns 28,360 shares of the real estate investment trust’s stock valued at $1,515,000 after purchasing an additional 1,013 shares during the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on O. UBS Group dropped their price objective on shares of Realty Income from $64.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Mizuho increased their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, April 3rd. Barclays reissued an “overweight” rating on shares of Realty Income in a research report on Tuesday, April 22nd. Scotiabank increased their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a “sector perform” rating in a research report on Monday, May 12th. Finally, Wedbush reissued a “neutral” rating and issued a $61.00 price objective on shares of Realty Income in a research report on Wednesday, May 7th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $61.15.

Realty Income Trading Up 0.4%

Shares of Realty Income stock opened at $57.14 on Friday. The company has a fifty day simple moving average of $56.74 and a 200-day simple moving average of $55.90. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $64.88. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The stock has a market cap of $51.60 billion, a price-to-earnings ratio of 51.95, a PEG ratio of 4.00 and a beta of 0.75.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. Realty Income’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.03 EPS. On average, equities analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a dividend of $0.269 per share. This represents a yield of 5.7%. The ex-dividend date is Friday, August 1st. Realty Income’s dividend payout ratio is currently 293.64%.

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.