Louisiana State Employees Retirement System Sells 1,900 Shares of Realty Income Co. (NYSE:O)

Louisiana State Employees Retirement System lowered its stake in Realty Income Co. (NYSE:O) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,100 shares of the real estate investment trust’s stock after selling 1,900 shares during the period. Louisiana State Employees Retirement System’s holdings in Realty Income were worth $2,516,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in O. Rosenberg Matthew Hamilton boosted its holdings in Realty Income by 75.4% in the third quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 211 shares in the last quarter. Creative Capital Management Investments LLC boosted its holdings in shares of Realty Income by 133.3% during the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 300 shares in the last quarter. ST Germain D J Co. Inc. boosted its holdings in shares of Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 567 shares in the last quarter. Luken Investment Analytics LLC bought a new stake in shares of Realty Income during the 4th quarter valued at $40,000. Finally, Independence Bank of Kentucky boosted its holdings in shares of Realty Income by 54.5% during the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 300 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE:O opened at $54.95 on Friday. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The business has a 50-day simple moving average of $53.95 and a two-hundred day simple moving average of $58.22. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market cap of $48.09 billion, a price-to-earnings ratio of 52.33, a price-to-earnings-growth ratio of 1.94 and a beta of 1.00.

Realty Income Dividend Announcement

The firm also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a $0.264 dividend. This represents a yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income’s dividend payout ratio (DPR) is 301.91%.

Wall Street Analysts Forecast Growth

O has been the topic of a number of research reports. Royal Bank of Canada restated an “outperform” rating and set a $62.00 target price on shares of Realty Income in a report on Monday, January 27th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. UBS Group dropped their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Scotiabank dropped their target price on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Finally, Stifel Nicolaus dropped their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.21.

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.