Texas Permanent School Fund Corp Has $9.30 Million Stock Position in Realty Income Co. (NYSE:O)

Texas Permanent School Fund Corp lifted its stake in Realty Income Co. (NYSE:O) by 15.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 171,916 shares of the real estate investment trust’s stock after purchasing an additional 22,440 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Realty Income were worth $9,301,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of O. Norges Bank acquired a new stake in Realty Income during the 4th quarter worth about $506,526,000. Vanguard Group Inc. boosted its position in Realty Income by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock worth $5,537,019,000 after acquiring an additional 4,172,231 shares during the period. Principal Financial Group Inc. boosted its position in Realty Income by 107.1% during the 4th quarter. Principal Financial Group Inc. now owns 4,951,020 shares of the real estate investment trust’s stock worth $284,288,000 after acquiring an additional 2,560,597 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its position in Realty Income by 213.3% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,171,853 shares of the real estate investment trust’s stock worth $124,708,000 after acquiring an additional 1,478,577 shares during the period. Finally, GRS Advisors LLC acquired a new stake in Realty Income during the 4th quarter worth about $58,843,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on O shares. Mizuho raised their price target on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Scotiabank raised their price objective on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. UBS Group cut their price objective on Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, May 31st. Finally, KeyCorp assumed coverage on Realty Income in a research note on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.35.

Realty Income Price Performance

O traded up $1.42 during trading on Thursday, hitting $55.00. The company’s stock had a trading volume of 5,849,852 shares, compared to its average volume of 6,264,439. The firm’s 50 day moving average price is $53.48 and its two-hundred day moving average price is $53.89. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The stock has a market capitalization of $47.89 billion, a price-to-earnings ratio of 50.93, a price-to-earnings-growth ratio of 4.63 and a beta of 0.96.

Realty Income (NYSE:O) last released its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. Sell-side analysts forecast that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The business also recently disclosed a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be issued a $0.263 dividend. The ex-dividend date is Thursday, August 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio is presently 292.59%.

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.