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

Illinois Municipal Retirement Fund decreased its stake in shares of Realty Income Corporation (NYSE:O) by 10.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,316 shares of the real estate investment trust’s stock after selling 15,715 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Realty Income were worth $7,450,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Nuveen LLC acquired a new stake in Realty Income in the first quarter valued at approximately $207,573,000. Vanguard Group Inc. increased its position in shares of Realty Income by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust’s stock valued at $8,267,084,000 after purchasing an additional 3,274,853 shares during the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Realty Income by 27.0% in the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust’s stock valued at $288,375,000 after purchasing an additional 1,055,840 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Realty Income by 9.6% in the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust’s stock valued at $658,813,000 after purchasing an additional 992,303 shares in the last quarter. Finally, Adelante Capital Management LLC lifted its position in shares of Realty Income by 1,380.2% during the 1st quarter. Adelante Capital Management LLC now owns 860,671 shares of the real estate investment trust’s stock worth $49,928,000 after purchasing an additional 802,526 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.10% of the company’s stock.

Realty Income Trading Up 1.4%

O opened at $57.16 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $61.08. The business’s 50 day moving average is $59.15 and its two-hundred day moving average is $57.87. The firm has a market cap of $52.58 billion, a price-to-earnings ratio of 55.50, a price-to-earnings-growth ratio of 4.46 and a beta of 0.77.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period last year, the firm posted $1.05 earnings per share. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, research analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a $0.2695 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, November 28th. Realty Income’s dividend payout ratio is presently 299.07%.

Analyst Upgrades and Downgrades

O has been the topic of a number of analyst reports. 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 research note on Thursday, November 6th. Scotiabank raised their target price on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 28th. Barclays upped their price target on Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a report on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a report on Wednesday, October 8th. Finally, Evercore ISI started coverage on shares of Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 target price for the company. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.33.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust (“REIT”), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.