Teacher Retirement System of Texas Has $9.08 Million Stock Holdings in Realty Income Corporation $O

Teacher Retirement System of Texas decreased its stake in shares of Realty Income Corporation (NYSE:O) by 13.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,436 shares of the real estate investment trust’s stock after selling 22,528 shares during the quarter. Teacher Retirement System of Texas’ holdings in Realty Income were worth $9,084,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in O. Vanguard Group Inc. increased its holdings in Realty Income by 2.5% during the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after buying an additional 3,624,852 shares during the last quarter. State Street Corp grew its position in shares of Realty Income by 1.1% in the 2nd quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock valued at $3,556,436,000 after acquiring an additional 676,697 shares during the period. Geode Capital Management LLC grew its position in shares of Realty Income by 8.3% in the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after acquiring an additional 2,058,031 shares during the period. Raymond James Financial Inc. increased its stake in shares of Realty Income by 5.8% during the 2nd quarter. Raymond James Financial Inc. now owns 12,011,841 shares of the real estate investment trust’s stock worth $692,002,000 after purchasing an additional 654,958 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Realty Income in the 2nd quarter valued at about $676,500,000. Institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on O. Morgan Stanley lifted their price target on Realty Income from $62.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Tuesday, January 20th. Mizuho cut their price target on Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Finally, Royal Bank Of Canada lifted their price objective on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.71.

Realty Income Stock Performance

O opened at $60.74 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The business has a fifty day simple moving average of $57.88 and a 200 day simple moving average of $58.25. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $61.95. The company has a market capitalization of $55.88 billion, a PE ratio of 56.24, a price-to-earnings-growth ratio of 3.90 and a beta of 0.80.

Realty Income (NYSE:O) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Research analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 5.3%. Realty Income’s dividend payout ratio is currently 300.00%.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.