Realty Income Co. (NYSE:O) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its stake in Realty Income Co. (NYSE:O) by 1.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 59,845 shares of the real estate investment trust’s stock after selling 824 shares during the period. Kentucky Retirement Systems’ holdings in Realty Income were worth $3,196,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Nicholson Wealth Management Group LLC increased its holdings in shares of Realty Income by 141.1% during the 4th quarter. Nicholson Wealth Management Group LLC now owns 28,149 shares of the real estate investment trust’s stock valued at $1,503,000 after purchasing an additional 16,476 shares in the last quarter. Mattern Capital Management LLC grew its position in Realty Income by 1.4% during the fourth quarter. Mattern Capital Management LLC now owns 131,935 shares of the real estate investment trust’s stock valued at $7,047,000 after buying an additional 1,847 shares during the period. Morningstar Investment Management LLC increased its holdings in Realty Income by 10.4% in the fourth quarter. Morningstar Investment Management LLC now owns 3,861 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 365 shares in the last quarter. First Bank & Trust raised its position in shares of Realty Income by 2.6% in the fourth quarter. First Bank & Trust now owns 34,373 shares of the real estate investment trust’s stock worth $1,836,000 after acquiring an additional 866 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of Realty Income by 6.7% during the 4th quarter. Concurrent Investment Advisors LLC now owns 22,704 shares of the real estate investment trust’s stock worth $1,213,000 after acquiring an additional 1,428 shares in the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE O opened at $57.14 on Friday. The firm has a 50-day simple moving average of $53.88 and a 200-day simple moving average of $58.09. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $50.01 billion, a price-to-earnings ratio of 54.41, a price-to-earnings-growth ratio of 2.06 and a beta of 1.00. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88.

Realty Income Increases Dividend

The firm also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be paid a $0.268 dividend. This represents a yield of 5.7%. This is a positive change from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date of this dividend is Monday, March 3rd. Realty Income’s dividend payout ratio (DPR) is 301.91%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. UBS Group cut their price target on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective for the company. Mizuho decreased their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Barclays cut their price target on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Finally, Stifel Nicolaus decreased their price objective on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $62.21.

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.