California Public Employees Retirement System Sells 314,285 Shares of Realty Income Corporation $O

California Public Employees Retirement System lowered its holdings in shares of Realty Income Corporation (NYSE:O) by 13.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,094,823 shares of the real estate investment trust’s stock after selling 314,285 shares during the quarter. California Public Employees Retirement System’s holdings in Realty Income were worth $128,161,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. DGS Capital Management LLC boosted its holdings in shares of Realty Income by 4.3% in the fourth quarter. DGS Capital Management LLC now owns 3,836 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 158 shares during the last quarter. Patrick M Sweeney & Associates Inc. grew its position in Realty Income by 4.5% during the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 3,801 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 164 shares during the period. CYBER HORNET ETFs LLC increased its holdings in Realty Income by 7.4% during the fourth quarter. CYBER HORNET ETFs LLC now owns 2,417 shares of the real estate investment trust’s stock valued at $136,000 after buying an additional 166 shares during the last quarter. Sage Private Wealth Group LLC increased its holdings in Realty Income by 2.2% during the fourth quarter. Sage Private Wealth Group LLC now owns 7,844 shares of the real estate investment trust’s stock valued at $442,000 after buying an additional 170 shares during the last quarter. Finally, Trust Investment Advisors raised its position in Realty Income by 0.8% in the fourth quarter. Trust Investment Advisors now owns 23,266 shares of the real estate investment trust’s stock worth $1,311,000 after acquiring an additional 178 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Down 0.1%

Shares of O stock opened at $65.70 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.56 and a quick ratio of 1.56. Realty Income Corporation has a one year low of $55.86 and a one year high of $67.93. The company’s fifty day moving average price is $62.13 and its 200-day moving average price is $62.41. The company has a market capitalization of $61.26 billion, a price-to-earnings ratio of 53.85, a PEG ratio of 5.13 and a beta of 0.72.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm posted $1.06 EPS. Realty Income’s quarterly revenue was up 12.2% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. Sell-side analysts expect that Realty Income Corporation will post 4.45 EPS for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a $0.271 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. Realty Income’s dividend payout ratio is 266.39%.

Analyst Ratings Changes

Several research analysts have recently weighed in on O shares. Stifel Nicolaus set a $70.75 price target on shares of Realty Income in a research note on Tuesday, June 30th. Wells Fargo & Company upped their price objective on Realty Income from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Robert W. Baird raised their target price on Realty Income from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Monday, July 6th. Morgan Stanley set a $67.00 target price on Realty Income in a research report on Monday, April 27th. Finally, Jefferies Financial Group assumed coverage on Realty Income in a report on Monday, June 1st. They set a “buy” rating and a $69.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Realty Income has an average rating of “Hold” and an average target price of $67.17.

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.