Realty Income Corporation $O Shares Acquired by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its position in Realty Income Corporation (NYSE:O) by 8.9% in the second quarter, Holdings Channel reports. The firm owned 114,650 shares of the real estate investment trust’s stock after acquiring an additional 9,400 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Realty Income were worth $7,104,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in O. Norges Bank purchased a new position in shares of Realty Income during the fourth quarter worth approximately $558,775,000. Morgan Stanley raised its position in Realty Income by 21.6% in the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock valued at $1,031,080,000 after purchasing an additional 3,252,091 shares during the last quarter. Deutsche Bank AG boosted its stake in Realty Income by 45.1% during the 4th quarter. Deutsche Bank AG now owns 4,998,963 shares of the real estate investment trust’s stock worth $281,792,000 after purchasing an additional 1,554,726 shares during the period. Amundi grew its position in Realty Income by 56.7% during the 1st quarter. Amundi now owns 4,183,310 shares of the real estate investment trust’s stock worth $255,934,000 after purchasing an additional 1,514,119 shares during the last quarter. Finally, State Street Corp increased its stake in Realty Income by 2.1% in the third quarter. State Street Corp now owns 63,028,892 shares of the real estate investment trust’s stock valued at $3,831,526,000 after purchasing an additional 1,295,936 shares during the period. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

O has been the topic of several recent research reports. Scotiabank dropped their price target on Realty Income from $72.00 to $67.00 and set a “sector outperform” rating on the stock in a research report on Thursday, June 18th. Royal Bank Of Canada decreased their price objective on Realty Income from $71.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Evercore set a $68.00 target price on Realty Income in a research note on Friday, August 7th. Barclays dropped their target price on Realty Income from $68.00 to $67.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 22nd. Finally, Robert W. Baird lifted their price objective on shares of Realty Income from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.42.

Realty Income Stock Up 0.7%

Shares of NYSE O opened at $63.06 on Friday. The firm’s 50-day moving average is $63.03 and its two-hundred day moving average is $63.09. The company has a market capitalization of $59.67 billion, a PE ratio of 46.03, a price-to-earnings-growth ratio of 4.54 and a beta of 0.71. Realty Income Corporation has a 12-month low of $55.86 and a 12-month high of $67.93. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.88 and a quick ratio of 5.88.

Realty Income Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a $0.271 dividend. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Friday, July 31st. Realty Income’s payout ratio is presently 237.23%.

About Realty Income

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.