New York State Common Retirement Fund Purchases 36,626 Shares of Realty Income Co. (NYSE:O)

New York State Common Retirement Fund increased its position in Realty Income Co. (NYSE:O) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 653,354 shares of the real estate investment trust’s stock after buying an additional 36,626 shares during the quarter. New York State Common Retirement Fund’s holdings in Realty Income were worth $37,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. SVB Wealth LLC lifted its position in Realty Income by 53.8% in the 4th quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock worth $440,000 after buying an additional 2,677 shares during the last quarter. Dynamic Advisor Solutions LLC increased its stake in Realty Income by 82.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock worth $670,000 after purchasing an additional 5,231 shares during the period. LexAurum Advisors LLC purchased a new position in Realty Income in the 4th quarter worth approximately $203,000. Vest Financial LLC increased its stake in Realty Income by 50.3% in the 4th quarter. Vest Financial LLC now owns 540,531 shares of the real estate investment trust’s stock worth $31,037,000 after purchasing an additional 180,974 shares during the period. Finally, Sowell Financial Services LLC increased its stake in Realty Income by 21.0% in the 4th quarter. Sowell Financial Services LLC now owns 21,230 shares of the real estate investment trust’s stock worth $1,224,000 after purchasing an additional 3,681 shares during the period. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O stock opened at $53.67 on Thursday. The stock has a market cap of $46.22 billion, a price-to-earnings ratio of 42.60, a PEG ratio of 5.54 and a beta of 0.92. The business’s fifty day moving average is $52.59 and its 200 day moving average is $53.45. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.72). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. Realty Income’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.00 earnings per share. Research analysts expect that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.257 dividend. The ex-dividend date is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income’s payout ratio is 244.45%.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

O has been the topic of a number of analyst reports. Stifel Nicolaus decreased their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. BMO Capital Markets initiated coverage on Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price target on the stock. Mizuho reduced their target price on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, Royal Bank of Canada boosted their target price on Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.96.

Realty Income Profile

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.