Louisiana State Employees Retirement System Sells 300 Shares of Realty Income Co. (NYSE:O)

Louisiana State Employees Retirement System lessened its holdings in shares of Realty Income Co. (NYSE:O) by 0.6% in the third quarter, Holdings Channel.com reports. The fund owned 49,000 shares of the real estate investment trust’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Realty Income were worth $3,108,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in O. Wealth Enhancement Advisory Services LLC boosted its stake in Realty Income by 24.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 129,096 shares of the real estate investment trust’s stock worth $6,984,000 after acquiring an additional 25,743 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in shares of Realty Income by 2.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 20,257 shares of the real estate investment trust’s stock valued at $1,096,000 after buying an additional 531 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Realty Income by 0.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 40,067 shares of the real estate investment trust’s stock valued at $2,168,000 after buying an additional 255 shares in the last quarter. Farmers & Merchants Investments Inc. raised its stake in Realty Income by 3.7% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 93,074 shares of the real estate investment trust’s stock worth $5,035,000 after buying an additional 3,305 shares during the period. Finally, Applied Capital LLC FL lifted its holdings in Realty Income by 13.8% during the first quarter. Applied Capital LLC FL now owns 19,524 shares of the real estate investment trust’s stock worth $1,056,000 after acquiring an additional 2,369 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on O. Wedbush started coverage on Realty Income in a research report on Monday, August 19th. They set a “neutral” rating and a $64.00 price target on the stock. Wells Fargo & Company restated an “equal weight” rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Stifel Nicolaus increased their price objective on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. JPMorgan Chase & Co. boosted their price objective on shares of Realty Income from $60.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. Finally, Royal Bank of Canada upped their target price on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $63.94.

Realty Income Price Performance

NYSE:O opened at $61.31 on Monday. The stock has a market capitalization of $53.39 billion, a PE ratio of 56.77, a P/E/G ratio of 4.43 and a beta of 0.99. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.88. The firm has a fifty day simple moving average of $62.35 and a 200 day simple moving average of $57.47. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66.

Realty Income (NYSE:O) last issued its earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 2.36%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the company posted $1.00 earnings per share. The firm’s revenue for the quarter was up 31.4% compared to the same quarter last year. On average, research analysts expect that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently announced a nov 24 dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.2635 per share. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, November 1st. Realty Income’s payout ratio is presently 292.59%.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the sale, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the transaction, the director now directly owns 5,257 shares in the company, valued at $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.10% of the stock is owned by company insiders.

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.