Realty Income Corp (NYSE:O) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its holdings in shares of Realty Income Corp (NYSE:O) by 0.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 682,000 shares of the real estate investment trust’s stock after selling 1,200 shares during the period. New York State Common Retirement Fund owned approximately 0.21% of Realty Income worth $50,216,000 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. Spirit of America Management Corp NY boosted its stake in Realty Income by 28.2% in the third quarter. Spirit of America Management Corp NY now owns 17,730 shares of the real estate investment trust’s stock worth $1,360,000 after buying an additional 3,900 shares in the last quarter. Wealthfront Advisers LLC boosted its stake in Realty Income by 0.5% in the third quarter. Wealthfront Advisers LLC now owns 31,864 shares of the real estate investment trust’s stock worth $2,443,000 after buying an additional 169 shares in the last quarter. DNB Asset Management AS boosted its stake in Realty Income by 10.0% in the third quarter. DNB Asset Management AS now owns 33,669 shares of the real estate investment trust’s stock worth $2,582,000 after buying an additional 3,049 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Realty Income by 11.6% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 39,742 shares of the real estate investment trust’s stock worth $3,047,000 after buying an additional 4,130 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in Realty Income by 35.0% in the third quarter. Signaturefd LLC now owns 3,151 shares of the real estate investment trust’s stock worth $242,000 after buying an additional 817 shares in the last quarter. 74.59% of the stock is currently owned by institutional investors.

Several analysts have issued reports on the company. Citigroup raised Realty Income from a “neutral” rating to a “buy” rating and upped their target price for the stock from $78.00 to $87.00 in a research note on Thursday, December 12th. Mizuho raised Realty Income from a “neutral” rating to a “buy” rating and set a $84.00 target price for the company in a research note on Wednesday, January 15th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $75.00 target price on shares of Realty Income in a research note on Sunday, December 22nd. Finally, Raymond James raised Realty Income from a “market perform” rating to an “outperform” rating and set a $79.00 target price for the company in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $81.82.

NYSE:O opened at $78.29 on Thursday. The firm has a market cap of $26.10 billion, a PE ratio of 60.69, a price-to-earnings-growth ratio of 6.21 and a beta of 0.07. Realty Income Corp has a fifty-two week low of $66.21 and a fifty-two week high of $82.17. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.45 and a current ratio of 2.45. The business has a 50 day moving average price of $76.11 and a 200-day moving average price of $75.61.

The business also recently disclosed a feb 20 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.2325 per share. This represents a dividend yield of 3.6%. The ex-dividend date is Friday, January 31st. This is a positive change from Realty Income’s previous feb 20 dividend of $0.23. Realty Income’s dividend payout ratio is 87.46%.

Realty Income Company 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 5,700 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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