Oregon Public Employees Retirement Fund Has $6.35 Million Stock Holdings in Realty Income Corporation $O

Oregon Public Employees Retirement Fund grew its holdings in Realty Income Corporation (NYSE:O) by 33.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 104,450 shares of the real estate investment trust’s stock after purchasing an additional 26,370 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Realty Income were worth $6,350,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Compagnie Lombard Odier SCmA bought a new stake in Realty Income in the second quarter worth $25,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of Realty Income in the third quarter worth about $29,000. Avion Wealth boosted its stake in shares of Realty Income by 142.4% during the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 309 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Realty Income during the 2nd quarter worth about $31,000. Finally, Country Trust Bank increased its holdings in shares of Realty Income by 806.5% during the 2nd quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a report on Saturday. Evercore ISI initiated coverage on shares of Realty Income in a research report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target on the stock. JPMorgan Chase & Co. restated an “underweight” rating and issued a $61.00 price objective on shares of Realty Income in a research note on Thursday, December 18th. Morgan Stanley upped their price objective on shares of Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Finally, Royal Bank Of Canada raised their target price on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and a consensus target price of $62.23.

Realty Income Price Performance

Shares of Realty Income stock opened at $58.16 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market cap of $53.50 billion, a PE ratio of 53.85, a price-to-earnings-growth ratio of 3.74 and a beta of 0.80. The firm has a fifty day moving average price of $57.09 and a two-hundred day moving average price of $58.02. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $61.08.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a $0.27 dividend. This is a positive change from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) annualized dividend and a yield of 5.6%. Realty Income’s payout ratio is currently 300.00%.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.