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

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

Other institutional investors have also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA purchased a new stake in Realty Income in the 2nd quarter valued at $25,000. Keystone Global Partners LLC acquired a new position in shares of Realty Income during the 1st quarter valued at about $26,000. Avion Wealth grew its holdings in shares of Realty Income by 142.4% in the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 309 shares during the period. Hilltop National Bank acquired a new stake in Realty Income during the second quarter worth about $36,000. Finally, CBIZ Investment Advisory Services LLC increased its position in Realty Income by 87.6% during the first quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 303 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 1.4%

Shares of NYSE 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. The business’s 50 day moving average is $59.15 and its two-hundred day moving average is $57.87. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $61.08. The firm has a market cap of $52.58 billion, a price-to-earnings ratio of 55.50, a PEG ratio of 4.46 and a beta of 0.77.

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

Realty Income Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be given a dividend of $0.2695 per share. This represents a c) annualized dividend 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 currently 299.07%.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares in the company, valued at approximately $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on O shares. Barclays increased their price target on shares of Realty Income from $59.00 to $63.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. UBS Group increased their price objective on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Evercore ISI began coverage on Realty Income in a research note on Wednesday, October 1st. They set an “in-line” rating and a $62.00 target price for the company. Wall Street Zen raised Realty Income from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, Cantor Fitzgerald cut their price objective on Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average price target 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.