Strs Ohio Acquires Shares of 466,408 Realty Income Corporation $O

Strs Ohio acquired a new stake in shares of Realty Income Corporation (NYSE:O) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 466,408 shares of the real estate investment trust’s stock, valued at approximately $27,056,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Jacobi Capital Management LLC bought a new position in Realty Income during the first quarter valued at $444,000. Westbourne Investments Inc. grew its holdings in Realty Income by 3.9% during the first quarter. Westbourne Investments Inc. now owns 5,300 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 200 shares during the period. Reliant Investment Partners LLC grew its holdings in Realty Income by 8.4% during the first quarter. Reliant Investment Partners LLC now owns 4,508 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 349 shares during the period. McAdam LLC bought a new position in Realty Income during the first quarter valued at $209,000. Finally, Belpointe Asset Management LLC grew its holdings in Realty Income by 78.4% during the first quarter. Belpointe Asset Management LLC now owns 36,846 shares of the real estate investment trust’s stock valued at $2,137,000 after purchasing an additional 16,194 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Up 0.4%

Shares of O stock opened at $60.43 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.88. The company has a market capitalization of $55.25 billion, a PE ratio of 58.67, a price-to-earnings-growth ratio of 4.60 and a beta of 0.77. The business’s fifty day moving average is $57.92 and its 200 day moving average is $57.08.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the business posted $1.07 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities research analysts anticipate that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a $0.2695 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Wednesday, October 1st. Realty Income’s dividend payout ratio (DPR) is 313.59%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on O shares. Barclays raised their price target on Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 20th. Mizuho raised their price target on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Thursday. UBS Group raised their price target on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Wolfe Research lowered Realty Income from an “outperform” rating to a “peer perform” rating in a report on Monday, July 14th. Finally, Scotiabank raised their price target on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Three investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Realty Income presently has a consensus rating of “Hold” and an average price target of $62.36.

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.