New York State Teachers Retirement System Has $39.33 Million Holdings in Realty Income Co. (NYSE:O)

Posted by Defense World Staff on Apr 11th, 2023

New York State Teachers Retirement System grew its holdings in Realty Income Co. (NYSE:O – Get Rating) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 619,995 shares of the real estate investment trust’s stock after purchasing an additional 13,823 shares during the period. New York State Teachers Retirement System owned about 0.10% of Realty Income worth $39,326,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in O. Natixis Advisors L.P. raised its holdings in shares of Realty Income by 42.0% during the fourth quarter. Natixis Advisors L.P. now owns 190,848 shares of the real estate investment trust’s stock worth $12,106,000 after acquiring an additional 56,447 shares in the last quarter. Denver Wealth Management Inc. raised its stake in shares of Realty Income by 13.1% during the 4th quarter. Denver Wealth Management Inc. now owns 13,898 shares of the real estate investment trust’s stock worth $882,000 after purchasing an additional 1,611 shares in the last quarter. Foster Victor Wealth Advisors LLC lifted its holdings in shares of Realty Income by 10.0% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 206,365 shares of the real estate investment trust’s stock valued at $13,224,000 after buying an additional 18,746 shares during the last quarter. Telos Capital Management Inc. grew its stake in shares of Realty Income by 6.6% in the 4th quarter. Telos Capital Management Inc. now owns 91,947 shares of the real estate investment trust’s stock valued at $5,832,000 after buying an additional 5,723 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of Realty Income by 2.0% in the 4th quarter. State of Michigan Retirement System now owns 178,804 shares of the real estate investment trust’s stock valued at $11,342,000 after buying an additional 3,500 shares in the last quarter. 80.56% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on O shares. Royal Bank of Canada lifted their target price on shares of Realty Income from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, February 23rd. Raymond James lowered shares of Realty Income from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. Stifel Nicolaus lowered their target price on shares of Realty Income from $72.25 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, March 23rd. StockNews.com assumed coverage on Realty Income in a research report on Thursday, March 16th. They issued a “sell” rating for the company. Finally, Mizuho decreased their price target on Realty Income from $69.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, March 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $71.89.

Realty Income Trading Up 0.1 %

Realty Income stock opened at $62.65 on Tuesday. The business’s 50-day simple moving average is $64.13 and its 200-day simple moving average is $63.30. Realty Income Co. has a 52 week low of $55.50 and a 52 week high of $75.40. The firm has a market capitalization of $41.38 billion, a PE ratio of 44.12, a PEG ratio of 3.06 and a beta of 0.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.85 and a current ratio of 1.85.

Realty Income (NYSE:O – Get Rating) last issued its quarterly earnings results on Tuesday, February 21st. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.62). The business had revenue of $888.65 million during the quarter, compared to the consensus estimate of $840.57 million. Realty Income had a return on equity of 3.14% and a net margin of 26.00%. The business’s quarterly revenue was up 29.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 earnings per share. Equities research analysts forecast that Realty Income Co. will post 4.09 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently disclosed a mar 23 dividend, which will be paid on Friday, April 14th. Stockholders of record on Monday, April 3rd will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Friday, March 31st. This represents a dividend yield of 4.8%. This is a positive change from Realty Income’s previous mar 23 dividend of $0.25. Realty Income’s dividend payout ratio is currently 215.49%.

About Realty Income

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Realty Income Corp. is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. The company was founded by William E. Clark, Jr. and Evelyn Joan Clark in 1969 and is headquartered in San Diego, CA.