Varma Mutual Pension Insurance Co Has $13.73 Million Stake in Realty Income Corporation $O

Varma Mutual Pension Insurance Co grew its stake in shares of Realty Income Corporation (NYSE:O) by 8.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 225,818 shares of the real estate investment trust’s stock after purchasing an additional 17,900 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Realty Income were worth $13,727,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Heartwood Wealth Advisors LLC bought a new stake in Realty Income during the 3rd quarter worth approximately $29,000. Strengthening Families & Communities LLC boosted its holdings in Realty Income by 586.1% during the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 422 shares during the last quarter. Avion Wealth grew its position in Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 309 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Realty Income during the second quarter valued at approximately $31,000. Finally, Country Trust Bank raised its stake in shares of Realty Income by 806.5% during the 2nd quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 500 shares during the period. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on O. Deutsche Bank Aktiengesellschaft upgraded Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Tuesday, January 20th. Cantor Fitzgerald reduced their target price on Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $61.00 price target on shares of Realty Income in a report on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research report on Monday, December 29th. Finally, Scotiabank raised shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $60.00 to $67.00 in a research note on Friday, January 30th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $63.21.

Realty Income Stock Performance

NYSE:O opened at $64.81 on Friday. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $66.28. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72. The firm’s fifty day simple moving average is $59.28 and its 200 day simple moving average is $58.72. The stock has a market cap of $59.62 billion, a P/E ratio of 60.01, a price-to-earnings-growth ratio of 3.81 and a beta of 0.79.

Realty Income Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. Realty Income’s dividend payout ratio is currently 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.