Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 27,261 Shares of Realty Income Corporation $O

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Realty Income Corporation (NYSE:O) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 510,840 shares of the real estate investment trust’s stock after acquiring an additional 27,261 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Realty Income were worth $29,429,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Moseley Investment Management Inc. grew its stake in Realty Income by 1.3% during the second quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock worth $781,000 after purchasing an additional 175 shares during the period. Castle Rock Wealth Management LLC lifted its stake in Realty Income by 0.6% in the second quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock valued at $1,552,000 after buying an additional 177 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in shares of Realty Income by 10.7% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 177 shares in the last quarter. Revisor Wealth Management LLC grew its position in shares of Realty Income by 2.3% during the 2nd quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock worth $454,000 after buying an additional 178 shares during the period. Finally, Pure Financial Advisors LLC grew its position in shares of Realty Income by 3.5% during the 2nd quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 185 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on O. Wall Street Zen upgraded shares of Realty Income from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Royal Bank Of Canada lifted their price target on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. UBS Group increased their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Mizuho raised their target price on Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Finally, Cantor Fitzgerald dropped their price target on Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.33.

Realty Income Trading Up 0.3%

NYSE:O opened at $56.77 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a one year low of $50.71 and a one year high of $61.08. The company has a market cap of $52.22 billion, a PE ratio of 55.11, a PEG ratio of 4.46 and a beta of 0.77. The firm has a 50-day moving average of $59.05 and a 200-day moving average of $57.85.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 EPS. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, equities research analysts expect that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued a dividend of $0.2695 per share. The ex-dividend date is Friday, November 28th. This represents a c) annualized dividend and a yield of 5.7%. Realty Income’s dividend payout ratio is 299.07%.

Insider Buying and Selling

In related news, Director Mary Hogan Preusse sold 11,000 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the sale, the director directly owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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.