Realty Income Corporation $O Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its position in shares of Realty Income Corporation (NYSE:O) by 18.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,661 shares of the real estate investment trust’s stock after selling 23,655 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Realty Income were worth $6,423,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. State Street Corp lifted its position in Realty Income by 1.1% in the second quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock valued at $3,556,436,000 after buying an additional 676,697 shares during the last quarter. OLD National Bancorp IN purchased a new stake in shares of Realty Income in the 3rd quarter valued at approximately $3,391,000. ProShare Advisors LLC raised its stake in shares of Realty Income by 5.3% in the 3rd quarter. ProShare Advisors LLC now owns 3,067,894 shares of the real estate investment trust’s stock valued at $186,497,000 after acquiring an additional 155,677 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Realty Income by 13.1% in the 2nd quarter. Federated Hermes Inc. now owns 2,669,031 shares of the real estate investment trust’s stock worth $153,763,000 after acquiring an additional 309,902 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Realty Income by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,813,174 shares of the real estate investment trust’s stock worth $334,897,000 after purchasing an additional 84,066 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

O has been the topic of a number of research analyst reports. Wall Street Zen lowered Realty Income from a “hold” rating to a “sell” rating in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft upgraded Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Tuesday, January 20th. Barclays increased their target price on Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 3rd. Mizuho dropped their target price on Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Finally, Royal Bank Of Canada increased their price target on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $63.21.

Realty Income Trading Up 1.3%

O opened at $65.65 on Friday. The business has a fifty day moving average price of $59.43 and a 200 day moving average price of $58.78. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. Realty Income Corporation has a 12 month low of $50.71 and a 12 month high of $66.28. The stock has a market capitalization of $60.39 billion, a price-to-earnings ratio of 60.79, a PEG ratio of 3.83 and a beta of 0.79.

Realty Income Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a dividend of $0.27 per share. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date was Friday, January 30th. Realty Income’s payout ratio is 300.00%.

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.