California State Teachers Retirement System Sells 33,324 Shares of Realty Income Corporation $O

California State Teachers Retirement System cut its holdings in shares of Realty Income Corporation (NYSE:O) by 2.2% in the first quarter, Holdings Channel reports. The institutional investor owned 1,508,521 shares of the real estate investment trust’s stock after selling 33,324 shares during the quarter. California State Teachers Retirement System’s holdings in Realty Income were worth $92,291,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. EFG International AG bought a new position in Realty Income during the fourth quarter worth $26,000. Evolution Wealth Management Inc. grew its position in Realty Income by 257.1% in the 4th quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 360 shares during the last quarter. Quattro Advisors LLC bought a new position in shares of Realty Income during the 4th quarter worth about $29,000. Sankala Group LLC bought a new position in shares of Realty Income during the 4th quarter worth about $32,000. Finally, FNY Investment Advisers LLC raised its position in shares of Realty Income by 622.2% during the fourth quarter. FNY Investment Advisers LLC now owns 650 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 560 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on O. Scotiabank decreased their target price on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 18th. UBS Group set a $67.00 price objective on Realty Income in a research report on Thursday, June 18th. Freedom Capital raised Realty Income from a “hold” rating to a “strong-buy” rating in a report on Monday, May 11th. Robert W. Baird boosted their price objective on Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, July 6th. Finally, Huntington assumed coverage on Realty Income in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $70.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Realty Income has an average rating of “Hold” and a consensus target price of $67.11.

Realty Income Price Performance

Realty Income stock opened at $65.48 on Thursday. The business has a 50 day simple moving average of $62.67 and a 200 day simple moving average of $62.90. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $61.06 billion, a PE ratio of 53.67, a price-to-earnings-growth ratio of 5.13 and a beta of 0.72. Realty Income Corporation has a one year low of $55.86 and a one year high of $67.93.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.03. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the prior year, the business posted $1.06 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, sell-side analysts forecast that Realty Income Corporation will post 4.45 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a $0.271 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 5.0%. Realty Income’s dividend payout ratio is presently 266.39%.

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.