VIRGINIA RETIREMENT SYSTEMS ET Al Invests $27.52 Million in Realty Income Corporation $O

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Realty Income Corporation (NYSE:O) in the second quarter, Holdings Channel reports. The fund purchased 477,682 shares of the real estate investment trust’s stock, valued at approximately $27,519,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 615 shares in the last quarter. Bison Wealth LLC bought a new position in Realty Income during the fourth quarter worth $571,000. GAMMA Investing LLC boosted its holdings in Realty Income by 5.2% in the first quarter. GAMMA Investing LLC now owns 12,180 shares of the real estate investment trust’s stock worth $707,000 after purchasing an additional 601 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Realty Income by 6.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 268,992 shares of the real estate investment trust’s stock valued at $15,604,000 after purchasing an additional 15,593 shares during the last quarter. Finally, Johnson Investment Counsel Inc. acquired a new stake in shares of Realty Income during the first quarter worth $208,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the sale, the director directly owned 19,211 shares in the company, valued at $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. UBS Group raised their price target 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 lifted 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. Cantor Fitzgerald began coverage on Realty Income in a report on Wednesday, October 1st. They set a “neutral” rating and a $64.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a report on Wednesday, October 8th. Finally, Scotiabank boosted their price objective on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $62.25.

Realty Income Price Performance

Shares of NYSE:O opened at $59.97 on Monday. The firm’s 50 day moving average is $59.16 and its two-hundred day moving average is $57.56. The firm has a market capitalization of $54.83 billion, a P/E ratio of 58.22, a PEG ratio of 4.58 and a beta of 0.78. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88.

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 the consensus estimate 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 for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm posted $1.07 earnings per share. The business’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts anticipate that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a dividend of $0.2695 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Friday, October 31st. Realty Income’s dividend payout ratio (DPR) is 313.59%.

Realty Income Company 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.