New Mexico Educational Retirement Board Sells 1,100 Shares of Realty Income Co. (NYSE:O)

New Mexico Educational Retirement Board cut its holdings in Realty Income Co. (NYSE:O) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,500 shares of the real estate investment trust’s stock after selling 1,100 shares during the period. New Mexico Educational Retirement Board’s holdings in Realty Income were worth $2,217,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Rosenberg Matthew Hamilton grew its holdings in Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 211 shares during the last quarter. Creative Capital Management Investments LLC grew its holdings in Realty Income by 133.3% during the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 300 shares during the last quarter. ST Germain D J Co. Inc. grew its holdings in Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 567 shares during the last quarter. Luken Investment Analytics LLC bought a new position in Realty Income during the 4th quarter valued at about $40,000. Finally, Independence Bank of Kentucky grew its holdings in Realty Income by 54.5% during the 4th quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 300 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Price Performance

Shares of O opened at $54.53 on Friday. The company has a 50 day moving average price of $53.90 and a 200-day moving average price of $58.17. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The stock has a market capitalization of $47.73 billion, a PE ratio of 51.93, a PEG ratio of 1.94 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income Announces Dividend

The firm also recently declared a feb 25 dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.264 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s payout ratio is presently 301.91%.

Wall Street Analysts Forecast Growth

O has been the topic of several analyst reports. Scotiabank cut their price target on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. UBS Group dropped their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Stifel Nicolaus dropped their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $62.00 target price on shares of Realty Income in a research note on Monday, January 27th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Realty Income presently has a consensus rating of “Hold” and a consensus target price of $62.21.

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.