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

Teacher Retirement System of Texas grew its position in Realty Income Co. (NYSE:O) by 781.1% during the 4th quarter, HoldingsChannel reports. The firm owned 51,369 shares of the real estate investment trust’s stock after purchasing an additional 45,539 shares during the quarter. Teacher Retirement System of Texas’ holdings in Realty Income were worth $2,744,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in O. Geode Capital Management LLC grew its position in shares of Realty Income by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock valued at $1,445,036,000 after purchasing an additional 242,786 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Realty Income in the fourth quarter valued at approximately $553,572,000. Charles Schwab Investment Management Inc. increased its position in shares of Realty Income by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,989,300 shares of the real estate investment trust’s stock worth $533,529,000 after acquiring an additional 260,071 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Realty Income by 765.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock worth $478,556,000 after acquiring an additional 6,673,617 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Realty Income by 0.9% in the 4th quarter. Bank of New York Mellon Corp now owns 5,847,484 shares of the real estate investment trust’s stock valued at $312,314,000 after acquiring an additional 50,670 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on O shares. Mizuho dropped their price target 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. Stifel Nicolaus cut their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Barclays raised 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 note on Tuesday, March 4th. Royal Bank of Canada cut their price objective 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. Finally, BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research report on Tuesday, February 25th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $62.04.

Realty Income Price Performance

NYSE:O opened at $55.64 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The stock’s 50 day moving average price is $55.65 and its two-hundred day moving average price is $57.38. The firm has a market capitalization of $49.60 billion, a price-to-earnings ratio of 52.99, a P/E/G ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $1.28 billion. On average, analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

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

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.