Louisiana State Employees Retirement System Takes $2.52 Million Position in Realty Income Co. (NYSE:O)

Louisiana State Employees Retirement System purchased a new stake in Realty Income Co. (NYSE:O) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 43,800 shares of the real estate investment trust’s stock, valued at approximately $2,515,000.

A number of other institutional investors and hedge funds also recently modified their holdings of O. Compass Wealth Management LLC bought a new stake in Realty Income during the 4th quarter worth approximately $25,000. Manchester Capital Management LLC increased its stake in Realty Income by 423.0% during the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 423 shares in the last quarter. Baystate Wealth Management LLC increased its stake in Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares in the last quarter. FinTrust Capital Advisors LLC increased its stake in Realty Income by 302.1% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 429 shares in the last quarter. Finally, CVA Family Office LLC bought a new stake in Realty Income during the 4th quarter worth approximately $29,000. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Down 1.6 %

NYSE O opened at $50.81 on Wednesday. The company has a market cap of $43.75 billion, a PE ratio of 40.33, a PEG ratio of 5.36 and a beta of 0.92. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The stock has a 50 day moving average of $52.55 and a 200-day moving average of $53.34.

Realty Income (NYSE:O) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the business earned $1.00 EPS. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. On average, equities research analysts anticipate that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on O shares. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Stifel Nicolaus reduced their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. BMO Capital Markets started coverage on Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target for the company. Royal Bank of Canada upped their price target on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Finally, Mizuho reduced their price target on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Realty Income presently has an average rating of “Hold” and an average target price of $60.96.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

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.