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

Illinois Municipal Retirement Fund lessened its position in shares of Realty Income Corporation (NYSE:O) by 20.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 149,025 shares of the real estate investment trust’s stock after selling 37,491 shares during the period. Illinois Municipal Retirement Fund’s holdings in Realty Income were worth $8,092,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in Realty Income by 3.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 55,533 shares of the real estate investment trust’s stock worth $2,973,000 after acquiring an additional 2,008 shares during the period. Pictet Asset Management Holding SA lifted its stake in shares of Realty Income by 17.5% in the 3rd quarter. Pictet Asset Management Holding SA now owns 520,679 shares of the real estate investment trust’s stock valued at $28,273,000 after purchasing an additional 77,368 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Realty Income by 165.1% in the 3rd quarter. International Assets Investment Management LLC now owns 25,000 shares of the real estate investment trust’s stock valued at $1,358,000 after purchasing an additional 15,569 shares during the period. Pathway Financial Advisers LLC boosted its position in shares of Realty Income by 3.2% during the 3rd quarter. Pathway Financial Advisers LLC now owns 106,492 shares of the real estate investment trust’s stock valued at $5,782,000 after purchasing an additional 3,296 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in shares of Realty Income by 290.3% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 41,929 shares of the real estate investment trust’s stock valued at $2,385,000 after purchasing an additional 31,185 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE O opened at $59.26 on Friday. The firm’s 50-day moving average price is $56.94 and its 200-day moving average price is $61.52. Realty Income Corporation has a 1-year low of $53.15 and a 1-year high of $67.93. The firm has a market capitalization of $56.36 billion, a P/E ratio of 13.48, a P/E/G ratio of 4.33 and a beta of 0.65. The company has a current ratio of 6.04, a quick ratio of 6.04 and a debt-to-equity ratio of 0.74.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, November 2nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Realty Income had a net margin of 21.85% and a return on equity of 3.27%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 EPS. Equities research analysts anticipate that Realty Income Corporation will post 4.44 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be paid a dividend of $0.2740 per share. This is an increase from Realty Income’s previous monthly dividend of $0.2715. The ex-dividend date of this dividend is Monday, November 30th. This represents a $3.29 dividend on an annualized basis and a yield of 5.5%. Realty Income’s dividend payout ratio (DPR) is currently 224.83%.

Realty Income News Roundup

Investors following O have been watching these news items:

• Positive Sentiment: A report says Realty Income doubled loan income to $105 million and raised its 2026 AFFO outlook, suggesting growing contributions from lending alongside its property business. Realty Income Doubled Its Loan Income to $105 Million
• Negative Sentiment: A valuation update trimmed its estimated fair value to $63.25 from $64.87, reflecting lower growth views and caution about higher rates, funding costs and REIT-sector multiples. Realty Income Stock Sees Modest Fair Value Cut
• Negative Sentiment: Recent coverage noted the 10-year Treasury touched 5%. Higher Treasury yields can make REIT dividends less attractive by comparison and pressure property-stock valuations. Realty Income Raised Its Dividend as the 10-Year Treasury Hit 5%

Wall Street Analyst Weigh In

Several equities research analysts recently commented on O shares. Royal Bank Of Canada raised their target price on Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 3rd. Mizuho set a $187.00 price target on Realty Income in a research note on Monday, October 19th. Truist Financial increased their price target on Realty Income from $60.00 to $63.00 and gave the stock a “hold” rating in a report on Tuesday. Scotiabank downgraded shares of Realty Income from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $67.00 to $59.00 in a research report on Wednesday, September 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of Realty Income from $64.00 to $59.00 and set an “equal weight” rating for the company in a research report on Monday, October 19th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $71.69.

Realty Income Company Profile

Realty Income Corporation is a real estate investment trust (REIT) that owns and manages commercial properties leased to businesses. Its portfolio includes retail, industrial, gaming, and other properties, typically leased under long-term net lease agreements in which tenants are responsible for many property operating expenses. Founded in 1969, Realty Income is known as “The Monthly Dividend Company” for its monthly dividend payments. The company serves tenants across the United States and has expanded its property portfolio into Europe.