Ontario Teachers Pension Plan Board Acquires Shares of 19,980 Realty Income Corporation $O

Ontario Teachers Pension Plan Board bought a new position in Realty Income Corporation (NYSE:O) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 19,980 shares of the real estate investment trust’s stock, valued at approximately $1,215,000.

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

Realty Income Trading Down 2.1%

Shares of NYSE O opened at $65.12 on Thursday. The company has a market cap of $59.90 billion, a PE ratio of 60.29, a P/E/G ratio of 3.93 and a beta of 0.79. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. The firm’s 50 day moving average price is $59.95 and its 200-day moving average price is $58.98. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $66.74.

Realty Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $0.27 dividend. The ex-dividend date is Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 5.0%. Realty Income’s payout ratio is currently 300.00%.

Analyst Ratings Changes

A number of research analysts recently issued reports on O shares. Wells Fargo & Company lifted their price target on shares of Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a report on Monday, December 29th. Mizuho dropped their price target on Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Royal Bank Of Canada upped their price target on Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen lowered Realty Income from a “hold” rating to a “sell” rating in a research report on Tuesday, February 3rd. Five 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.