Kentucky Retirement Systems Insurance Trust Fund Acquires 1,655 Shares of Realty Income Co. (NYSE:O)

Kentucky Retirement Systems Insurance Trust Fund grew its stake in shares of Realty Income Co. (NYSE:O) by 6.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,445 shares of the real estate investment trust’s stock after buying an additional 1,655 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Realty Income were worth $1,485,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of O. Vanguard Group Inc. boosted its holdings in shares of Realty Income by 18.3% during the first quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust’s stock worth $7,290,982,000 after purchasing an additional 20,848,560 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Realty Income by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,542,160 shares of the real estate investment trust’s stock worth $547,931,000 after buying an additional 227,621 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Realty Income by 2.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 9,214,683 shares of the real estate investment trust’s stock worth $498,514,000 after buying an additional 196,635 shares during the last quarter. Norges Bank purchased a new position in shares of Realty Income during the fourth quarter valued at approximately $506,526,000. Finally, APG Asset Management US Inc. lifted its stake in Realty Income by 10.4% in the fourth quarter. APG Asset Management US Inc. now owns 8,221,575 shares of the real estate investment trust’s stock worth $472,083,000 after acquiring an additional 771,313 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Realty Income stock traded up $0.71 during mid-day trading on Friday, reaching $58.07. 3,138,632 shares of the stock traded hands, compared to its average volume of 4,323,153. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18. The business’s 50-day moving average is $53.95 and its 200-day moving average is $53.80. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The stock has a market capitalization of $50.57 billion, a PE ratio of 53.77, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.98 EPS. As a group, sell-side analysts predict that Realty Income Co. will post 4.2 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a aug 24 dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a dividend of $0.263 per share. The ex-dividend date is Thursday, August 1st. This represents a yield of 5.7%. Realty Income’s payout ratio is 291.67%.

Analyst Ratings Changes

Several analysts have weighed in on the company. UBS Group lifted their price objective on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Scotiabank lifted their price target on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. KeyCorp started coverage on Realty Income in a report on Wednesday, June 12th. They issued a “sector weight” rating for the company. Finally, Mizuho raised their price objective on Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Realty Income presently has an average rating of “Hold” and a consensus target price of $61.88.

Realty Income Profile

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.