VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Realty Income Corporation $O

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Realty Income Corporation (NYSE:O) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 353,365 shares of the real estate investment trust’s stock, valued at approximately $21,894,000.

Several other large investors have also recently modified their holdings of O. BlackRock Inc. bought a new stake in shares of Realty Income in the second quarter worth $6,997,219,000. California State Teachers Retirement System increased its holdings in Realty Income by 6,132.2% in the second quarter. California State Teachers Retirement System now owns 94,014,077 shares of the real estate investment trust’s stock valued at $5,825,112,000 after purchasing an additional 92,505,556 shares during the period. State Street Corp raised its position in Realty Income by 0.8% during the 4th quarter. State Street Corp now owns 63,559,987 shares of the real estate investment trust’s stock worth $3,599,676,000 after purchasing an additional 531,095 shares during the last quarter. Geode Capital Management LLC raised its position in Realty Income by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock worth $1,655,991,000 after purchasing an additional 793,100 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Realty Income by 10.3% during the 2nd quarter. Bank of America Corp DE now owns 19,117,994 shares of the real estate investment trust’s stock worth $1,184,551,000 after buying an additional 1,785,859 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O opened at $61.22 on Tuesday. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. The firm’s fifty day simple moving average is $63.23 and its two-hundred day simple moving average is $63.00. Realty Income Corporation has a 12 month low of $55.86 and a 12 month high of $67.93. The stock has a market capitalization of $57.93 billion, a P/E ratio of 44.69, a price-to-earnings-growth ratio of 4.35 and a beta of 0.71.

Realty Income (NYSE:O) last posted its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, hitting the consensus estimate of $1.09. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.40 billion. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the company posted $1.05 EPS. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. As a group, analysts predict that Realty Income Corporation will post 4.43 EPS for the current year.

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.271 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) annualized dividend and a yield of 5.3%. Realty Income’s dividend payout ratio (DPR) is currently 237.23%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Evercore set a $68.00 price target on Realty Income in a research report on Friday, August 7th. Wells Fargo & Company lowered their price objective on Realty Income from $65.00 to $64.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 1st. Stifel Nicolaus set a $70.75 price objective on Realty Income in a research note on Tuesday, June 30th. Robert W. Baird upped their target price on Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Monday, July 6th. Finally, Royal Bank Of Canada lowered their price target on shares of Realty Income from $71.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Realty Income currently has an average rating of “Moderate Buy” and an average target price of $67.23.

About Realty Income

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.