Realty Income Co. (NYSE:O) Shares Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its holdings in Realty Income Co. (NYSE:O - Free Report) by 677.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 199,712 shares of the real estate investment trust's stock after purchasing an additional 174,017 shares during the period. Illinois Municipal Retirement Fund's holdings in Realty Income were worth $11,467,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of O. Manchester Capital Management LLC lifted its position in Realty Income by 423.0% during the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 423 shares during the last quarter. Baystate Wealth Management LLC lifted its position in Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 190 shares during the last quarter. FinTrust Capital Advisors LLC raised its position in shares of Realty Income by 302.1% during the third quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 429 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of Realty Income during the fourth quarter valued at about $29,000. Finally, Operose Advisors LLC acquired a new position in shares of Realty Income during the third quarter valued at about $30,000. 70.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

O has been the subject of a number of research analyst reports. BMO Capital Markets initiated coverage on shares of Realty Income in a research report on Tuesday, February 13th. They set a "market perform" rating and a $57.00 price objective for the company. Stifel Nicolaus lowered their target price on shares of Realty Income from $67.75 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, February 21st. StockNews.com raised shares of Realty Income from a "sell" rating to a "hold" rating in a research note on Thursday, February 8th. Royal Bank of Canada upped their target price on shares of Realty Income from $58.00 to $60.00 and gave the company an "outperform" rating in a research note on Thursday, January 11th. Finally, Mizuho lowered their target price on shares of Realty Income from $60.00 to $56.00 and set a "buy" rating on the stock in a research note on Thursday, March 7th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of "Hold" and an average target price of $60.96.

Realty Income Stock Performance

Shares of O traded up $0.08 during midday trading on Tuesday, reaching $53.41. The stock had a trading volume of 6,648,145 shares, compared to its average volume of 6,867,810. The firm has a 50 day simple moving average of $52.51 and a 200-day simple moving average of $53.43. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18. The firm has a market cap of $45.99 billion, a PE ratio of 42.37, a P/E/G ratio of 5.50 and a beta of 0.92. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.02 by ($0.72). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business's quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 EPS. As a group, sell-side analysts anticipate that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.257 dividend. This represents a yield of 5.9%. The ex-dividend date is Tuesday, April 30th. Realty Income's dividend payout ratio (DPR) is 244.45%.

Insiders Place Their Bets

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.10% of the company's stock.

About Realty Income

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.