Illinois Municipal Retirement Fund Has $8.41 Million Stake in Realty Income Corporation (NYSE:O)

Illinois Municipal Retirement Fund decreased its position in Realty Income Corporation (NYSE:O - Free Report) by 9.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 145,031 shares of the real estate investment trust's stock after selling 14,982 shares during the period. Illinois Municipal Retirement Fund's holdings in Realty Income were worth $8,413,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Realty Income during the 4th quarter valued at $553,572,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock valued at $40,656,000 after buying an additional 166,178 shares during the period. Employees Retirement System of Texas boosted its stake in shares of Realty Income by 19.0% during the 4th quarter. Employees Retirement System of Texas now owns 488,183 shares of the real estate investment trust's stock valued at $26,074,000 after buying an additional 78,000 shares during the period. Sterling Capital Management LLC boosted its stake in shares of Realty Income by 21.2% during the 4th quarter. Sterling Capital Management LLC now owns 111,557 shares of the real estate investment trust's stock valued at $5,958,000 after buying an additional 19,527 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Realty Income during the 1st quarter valued at $1,470,000. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Performance

Shares of O opened at $57.06 on Friday. The company has a market capitalization of $51.53 billion, a PE ratio of 51.87, a price-to-earnings-growth ratio of 4.00 and a beta of 0.76. Realty Income Corporation has a one year low of $50.71 and a one year high of $64.88. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.74 and a quick ratio of 1.74. The company's fifty day moving average price is $56.76 and its 200 day moving average price is $55.63.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The business's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS. As a group, analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a $0.269 dividend. This represents a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, July 1st. This is an increase from Realty Income's previous jul 25 dividend of $0.27. Realty Income's dividend payout ratio (DPR) is 292.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on O shares. UBS Group decreased their target price on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research note on Tuesday, May 13th. Barclays reissued an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Wedbush reissued a "neutral" rating and set a $61.00 target price on shares of Realty Income in a research note on Wednesday, May 7th. Mizuho raised their price target on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, April 3rd. Finally, Stifel Nicolaus raised their price target on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a report on Tuesday, May 6th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $61.15.

Realty Income 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.

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