VIRGINIA RETIREMENT SYSTEMS ET Al Has $29.64 Million Stock Holdings in Realty Income Corporation $O

VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of Realty Income Corporation (NYSE:O) by 2.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 487,582 shares of the real estate investment trust’s stock after buying an additional 9,900 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Realty Income were worth $29,640,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new position in shares of Realty Income in the second quarter valued at approximately $25,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Realty Income during the 3rd quarter worth $29,000. Avion Wealth grew its stake in Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 309 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in Realty Income in the 2nd quarter valued at $31,000. Finally, Country Trust Bank raised its holdings in Realty Income by 806.5% in the 2nd quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays boosted their target price on shares of Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 3rd. Wall Street Zen cut Realty Income from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research note on Monday. Cantor Fitzgerald lowered their target price on Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, Wells Fargo & Company lifted their price target on Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.23.

Realty Income Stock Performance

Shares of NYSE O opened at $57.02 on Wednesday. The firm has a market capitalization of $52.45 billion, a price-to-earnings ratio of 52.79, a PEG ratio of 3.56 and a beta of 0.80. Realty Income Corporation has a one year low of $50.71 and a one year high of $61.08. The business has a fifty day simple moving average of $57.39 and a 200 day simple moving average of $58.04. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the previous year, the company earned $1.05 earnings per share. The business’s revenue was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Sell-side analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.27 per share. This is an increase from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is presently 299.07%.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.