Realty Income Corp (O) Position Lifted by California Public Employees Retirement System

California Public Employees Retirement System boosted its holdings in shares of Realty Income Corp (NYSE:O) by 22.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 720,030 shares of the real estate investment trust’s stock after buying an additional 129,793 shares during the period. California Public Employees Retirement System owned approximately 0.25% of Realty Income worth $38,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in O. BP PLC purchased a new stake in Realty Income during the 2nd quarter valued at about $1,989,000. Envestnet Asset Management Inc. grew its stake in Realty Income by 141.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 327,642 shares of the real estate investment trust’s stock valued at $17,622,000 after purchasing an additional 192,039 shares during the last quarter. Schnieders Capital Management LLC grew its stake in Realty Income by 6.8% during the 2nd quarter. Schnieders Capital Management LLC now owns 38,858 shares of the real estate investment trust’s stock valued at $2,090,000 after purchasing an additional 2,464 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Realty Income by 9.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 946,942 shares of the real estate investment trust’s stock valued at $51,118,000 after purchasing an additional 83,948 shares during the last quarter. Finally, Tredje AP fonden purchased a new stake in Realty Income during the 2nd quarter valued at about $959,000. 68.16% of the stock is currently owned by institutional investors.

In other Realty Income news, Director A. Larry Chapman sold 9,000 shares of the stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $58.56, for a total transaction of $527,040.00. Following the completion of the transaction, the director now owns 18,757 shares of the company’s stock, valued at $1,098,409.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Sumit Roy sold 18,682 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $57.49, for a total value of $1,074,028.18. Following the transaction, the chief operating officer now directly owns 70,041 shares of the company’s stock, valued at approximately $4,026,657.09. The disclosure for this sale can be found here. Insiders have sold 89,067 shares of company stock worth $5,142,150 in the last quarter. 0.20% of the stock is currently owned by company insiders.

O has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Monday, September 17th. Wells Fargo & Co set a $65.00 target price on Realty Income and gave the stock a “buy” rating in a research note on Tuesday, September 4th. Janney Montgomery Scott downgraded Realty Income from a “buy” rating to a “neutral” rating and set a $44.00 target price on the stock. in a research note on Wednesday, August 29th. They noted that the move was a valuation call. Bank of America upped their target price on Realty Income from $53.50 to $57.50 and gave the stock a “neutral” rating in a research note on Monday, August 13th. Finally, Mizuho set a $58.00 target price on Realty Income and gave the stock a “hold” rating in a research note on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. Realty Income currently has an average rating of “Hold” and an average target price of $58.19.

Shares of O stock opened at $56.13 on Tuesday. The company has a market cap of $16.53 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 4.04 and a beta of 0.10. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.87. Realty Income Corp has a 12-month low of $47.25 and a 12-month high of $59.24.

Realty Income (NYSE:O) last issued its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.45). The business had revenue of $328.90 million for the quarter, compared to analysts’ expectations of $311.95 million. Realty Income had a return on equity of 5.05% and a net margin of 25.96%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 EPS. research analysts predict that Realty Income Corp will post 3.18 EPS for the current year.

The firm also recently declared a oct 18 dividend, which will be paid on Monday, October 15th. Shareholders of record on Monday, October 1st will be given a dividend of $0.2205 per share. The ex-dividend date of this dividend is Friday, September 28th. This represents a yield of 4.62%. This is an increase from Realty Income’s previous oct 18 dividend of $0.22. Realty Income’s dividend payout ratio is currently 86.27%.

Realty Income Profile

Realty Income, The Monthly Dividend Company is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,400 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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