Retirement Systems of Alabama Has $40.78 Million Stock Position in Realty Income Corporation $O

Retirement Systems of Alabama raised its holdings in shares of Realty Income Corporation (NYSE:O) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 707,806 shares of the real estate investment trust’s stock after purchasing an additional 16,064 shares during the period. Retirement Systems of Alabama’s holdings in Realty Income were worth $40,777,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of O. Brighton Jones LLC grew its holdings 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 acquiring an additional 615 shares during the period. Bison Wealth LLC bought a new position in shares of Realty Income in the 4th quarter worth $571,000. Koshinski Asset Management Inc. acquired a new stake in shares of Realty Income during the first quarter worth $210,000. Clear Creek Financial Management LLC increased its holdings in Realty Income by 62.4% in the first quarter. Clear Creek Financial Management LLC now owns 6,809 shares of the real estate investment trust’s stock valued at $395,000 after purchasing an additional 2,617 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its holdings in Realty Income by 5.6% in the first quarter. DAVENPORT & Co LLC now owns 121,501 shares of the real estate investment trust’s stock valued at $7,047,000 after purchasing an additional 6,406 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on O shares. UBS Group raised their target price on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a report on Wednesday, October 8th. Scotiabank upped their target price on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Mizuho lifted their price target on shares of Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Finally, Wolfe Research cut shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $62.58.

Insider Buying and Selling at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the sale, the director directly owned 19,211 shares in the company, valued at $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is owned by corporate insiders.

Realty Income Trading Down 0.7%

O opened at $57.93 on Friday. The stock has a market capitalization of $52.97 billion, a P/E ratio of 56.24, a P/E/G ratio of 4.46 and a beta of 0.78. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $61.08. The firm’s fifty day simple moving average is $59.39 and its 200 day simple moving average is $57.90.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, August 6th. 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). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 EPS. As a group, research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a dividend of $0.2695 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 5.6%. Realty Income’s dividend payout ratio is 313.59%.

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.