Realty Income Corporation $O Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its holdings in shares of Realty Income Corporation (NYSE:O) by 7.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 297,504 shares of the real estate investment trust’s stock after buying an additional 20,863 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Realty Income were worth $18,085,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of O. Norges Bank bought a new position in shares of Realty Income during the second quarter valued at approximately $676,500,000. Vanguard Group Inc. lifted its holdings in shares of Realty Income by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after purchasing an additional 3,624,852 shares during the last quarter. Geode Capital Management LLC boosted its position in Realty Income by 8.3% during the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after purchasing an additional 2,058,031 shares during the period. Schroder Investment Management Group grew its stake in Realty Income by 420.0% during the 2nd quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock worth $123,259,000 after buying an additional 1,728,082 shares during the last quarter. Finally, ABN Amro Investment Solutions acquired a new stake in Realty Income in the second quarter worth $70,939,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 1.3%

Realty Income stock opened at $65.65 on Tuesday. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $66.28. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market capitalization of $60.39 billion, a PE ratio of 60.79, a price-to-earnings-growth ratio of 3.88 and a beta of 0.79. The firm has a 50 day simple moving average of $59.59 and a 200-day simple moving average of $58.87.

Realty Income Announces Dividend

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

Analysts Set New Price Targets

O has been the topic of a number of recent research reports. Wells Fargo & Company raised their target price on Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Royal Bank Of Canada lifted their price objective on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $61.00 target price on shares of Realty Income in a research note on Thursday, December 18th. Wall Street Zen lowered shares of Realty Income from a “hold” rating to a “sell” rating in a research note on Tuesday, February 3rd. Finally, Cantor Fitzgerald cut their price target on Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $63.21.

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.