New Mexico Educational Retirement Board Decreases Holdings in Realty Income Co. (NYSE:O)

New Mexico Educational Retirement Board decreased its position in shares of Realty Income Co. (NYSE:O) by 2.6% in the fourth quarter, HoldingsChannel reports. The fund owned 41,500 shares of the real estate investment trust’s stock after selling 1,100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Realty Income were worth $2,217,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Rosenberg Matthew Hamilton raised its holdings in shares of Realty Income by 75.4% in the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 211 shares during the last quarter. Creative Capital Management Investments LLC raised its holdings in shares of Realty Income by 133.3% in the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 300 shares during the last quarter. Luken Investment Analytics LLC purchased a new position in shares of Realty Income in the fourth quarter worth $40,000. ST Germain D J Co. Inc. raised its holdings in shares of Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 567 shares during the last quarter. Finally, Independence Bank of Kentucky raised its holdings in shares of Realty Income by 54.5% in the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on O. UBS Group decreased their price target on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Stifel Nicolaus cut their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Mizuho cut their price objective on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Scotiabank cut their price objective on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $62.21.

Realty Income Stock Down 0.7 %

O stock opened at $54.53 on Friday. The firm has a market cap of $47.73 billion, a PE ratio of 51.93, a P/E/G ratio of 1.94 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm’s fifty day moving average is $53.90 and its 200 day moving average is $58.17. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88.

Realty Income Announces Dividend

The company also recently declared a feb 25 dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.264 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a yield of 5.9%. Realty Income’s dividend payout ratio is presently 301.91%.

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.