State of New Jersey Common Pension Fund D Purchases 22,476 Shares of Realty Income Co. (NYSE:O)

State of New Jersey Common Pension Fund D boosted its position in Realty Income Co. (NYSE:O) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 408,130 shares of the real estate investment trust’s stock after purchasing an additional 22,476 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.06% of Realty Income worth $23,435,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of O. Manchester Capital Management LLC boosted its position in Realty Income by 423.0% in the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 423 shares in the last quarter. Baystate Wealth Management LLC boosted its position in Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares in the last quarter. FinTrust Capital Advisors LLC boosted its position in Realty Income by 302.1% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 429 shares in the last quarter. CVA Family Office LLC purchased a new stake in Realty Income in the 4th quarter worth approximately $29,000. Finally, Operose Advisors LLC purchased a new stake in Realty Income in the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on O. Stifel Nicolaus decreased their target price on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Mizuho cut their target price on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Royal Bank of Canada raised their target price on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, January 11th. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, BMO Capital Markets initiated coverage on Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and an average price target of $60.96.

Insider Activity at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Realty Income Stock Up 0.2 %

Shares of NYSE O traded up $0.13 during midday trading on Thursday, hitting $53.80. 4,880,077 shares of the company’s stock were exchanged, compared to its average volume of 6,823,906. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18. The company has a market cap of $46.33 billion, a PE ratio of 42.33, a P/E/G ratio of 5.54 and a beta of 0.92. The firm’s fifty day simple moving average is $52.59 and its 200-day simple moving average is $53.45.

Realty Income (NYSE:O) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.72). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period last year, the firm earned $1.00 EPS. Research analysts predict that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Dividend Announcement

The business also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.257 dividend. This represents a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s payout ratio is currently 244.45%.

Realty Income Company 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.