Vestcor Inc Has $7.08 Million Stake in Realty Income Co. (NYSE:O)

Vestcor Inc raised its stake in shares of Realty Income Co. (NYSE:O) by 66.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 132,602 shares of the real estate investment trust’s stock after buying an additional 52,745 shares during the period. Vestcor Inc’s holdings in Realty Income were worth $7,082,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Avantax Advisory Services Inc. boosted its stake in Realty Income by 3.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 94,391 shares of the real estate investment trust’s stock valued at $5,041,000 after purchasing an additional 3,316 shares during the last quarter. Great Lakes Advisors LLC boosted its stake in shares of Realty Income by 3.7% in the 4th quarter. Great Lakes Advisors LLC now owns 28,360 shares of the real estate investment trust’s stock worth $1,515,000 after buying an additional 1,013 shares during the last quarter. Hopwood Financial Services Inc. purchased a new position in shares of Realty Income in the 4th quarter worth approximately $29,000. HighTower Advisors LLC boosted its stake in shares of Realty Income by 1.7% in the 4th quarter. HighTower Advisors LLC now owns 380,420 shares of the real estate investment trust’s stock worth $20,318,000 after buying an additional 6,507 shares during the last quarter. Finally, Windle Wealth LLC boosted its stake in shares of Realty Income by 6.2% in the 4th quarter. Windle Wealth LLC now owns 123,657 shares of the real estate investment trust’s stock worth $6,605,000 after buying an additional 7,191 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Mizuho cut their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. UBS Group cut their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. BNP Paribas downgraded Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price on the stock. in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Finally, Royal Bank of Canada lowered their price target on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $62.04.

Realty Income Trading Down 0.6 %

Shares of O stock opened at $56.39 on Thursday. The company’s fifty day simple moving average is $54.97 and its two-hundred day simple moving average is $57.77. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The stock has a market capitalization of $50.27 billion, a price-to-earnings ratio of 53.70, a PEG ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last issued its earnings results on Monday, February 24th. 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 net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. As a group, analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a $0.2685 dividend. Realty Income’s payout ratio is currently 327.55%.

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.