Teacher Retirement System of Texas Has $2.74 Million Holdings in Realty Income Co. (NYSE:O)

Teacher Retirement System of Texas lifted its stake in Realty Income Co. (NYSE:O) by 781.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,369 shares of the real estate investment trust’s stock after acquiring an additional 45,539 shares during the period. Teacher Retirement System of Texas’ holdings in Realty Income were worth $2,744,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Cerity Partners LLC lifted its stake in shares of Realty Income by 60.0% in the third quarter. Cerity Partners LLC now owns 86,934 shares of the real estate investment trust’s stock valued at $5,513,000 after buying an additional 32,600 shares during the period. Penserra Capital Management LLC raised its holdings in Realty Income by 19.0% in the 3rd quarter. Penserra Capital Management LLC now owns 27,513 shares of the real estate investment trust’s stock valued at $1,743,000 after acquiring an additional 4,397 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Realty Income by 62.8% in the 3rd quarter. Larson Financial Group LLC now owns 8,832 shares of the real estate investment trust’s stock worth $560,000 after acquiring an additional 3,407 shares during the period. Summit Trail Advisors LLC grew its holdings in shares of Realty Income by 15.7% during the 3rd quarter. Summit Trail Advisors LLC now owns 6,912 shares of the real estate investment trust’s stock worth $438,000 after purchasing an additional 938 shares in the last quarter. Finally, Independent Advisor Alliance increased its position in shares of Realty Income by 7.7% during the third quarter. Independent Advisor Alliance now owns 21,958 shares of the real estate investment trust’s stock valued at $1,393,000 after purchasing an additional 1,571 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research note on Tuesday, February 25th. Royal Bank of Canada decreased their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Barclays increased their price target on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective on the stock. Finally, Stifel Nicolaus dropped their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $62.04.

Realty Income Trading Down 1.1 %

O opened at $55.64 on Wednesday. The firm has a 50-day moving average price of $55.65 and a two-hundred day moving average price of $57.38. The stock has a market capitalization of $49.60 billion, a PE ratio of 52.99, a PEG ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. As a group, equities analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.2685 per share. This represents a yield of 5.7%. The ex-dividend date is Tuesday, April 1st. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. Realty Income’s payout ratio is currently 328.57%.

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.