New York State Common Retirement Fund Purchases 27,246 Shares of Realty Income Co. (NYSE:O)

Posted by on Apr 14th, 2023

New York State Common Retirement Fund lifted its position in shares of Realty Income Co. (NYSE:O – Get Rating) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 733,995 shares of the real estate investment trust’s stock after purchasing an additional 27,246 shares during the quarter. New York State Common Retirement Fund owned 0.12% of Realty Income worth $46,557,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Panagora Asset Management Inc. lifted its stake in Realty Income by 33.7% in the first quarter. Panagora Asset Management Inc. now owns 25,505 shares of the real estate investment trust’s stock valued at $1,767,000 after buying an additional 6,433 shares in the last quarter. Blair William & Co. IL increased its holdings in Realty Income by 1.9% during the 1st quarter. Blair William & Co. IL now owns 18,695 shares of the real estate investment trust’s stock worth $1,296,000 after purchasing an additional 345 shares in the last quarter. Prudential PLC acquired a new stake in shares of Realty Income in the 1st quarter valued at about $592,000. Baird Financial Group Inc. lifted its holdings in shares of Realty Income by 8.2% in the first quarter. Baird Financial Group Inc. now owns 115,733 shares of the real estate investment trust’s stock valued at $8,020,000 after purchasing an additional 8,803 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Realty Income by 5.6% during the first quarter. NewEdge Advisors LLC now owns 31,334 shares of the real estate investment trust’s stock worth $2,171,000 after buying an additional 1,671 shares during the period. Institutional investors and hedge funds own 80.56% of the company’s stock.

Realty Income Stock Performance

Shares of NYSE O opened at $61.53 on Friday. The stock has a 50 day moving average of $63.77 and a 200-day moving average of $63.28. Realty Income Co. has a 12 month low of $55.50 and a 12 month high of $75.40. The company has a market capitalization of $40.64 billion, a P/E ratio of 43.33, a P/E/G ratio of 3.04 and a beta of 0.80. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.63.

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

Realty Income Announces Dividend

The company also recently announced a apr 23 dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be given a $0.255 dividend. This represents a dividend yield of 4.9%. The ex-dividend date is Friday, April 28th. Realty Income’s payout ratio is 215.49%.

Analysts Set New Price Targets

O has been the topic of several research reports. Scotiabank upgraded Realty Income from a “sector perform” rating to a “sector outperform” rating and set a $69.00 target price on the stock in a research note on Wednesday. Stifel Nicolaus cut their price target 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. Raymond James cut Realty Income from an “outperform” rating to a “market perform” rating in a report on Monday, January 9th. BNP Paribas started coverage on Realty Income in a report on Tuesday, January 17th. They set a “neutral” rating and a $72.00 target price on the stock. 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 research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $71.60.

Realty Income Profile

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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.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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