Public Sector Pension Investment Board Increases Position in Realty Income Corporation $O

Public Sector Pension Investment Board lifted its stake in shares of Realty Income Corporation (NYSE:O) by 6.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 197,130 shares of the real estate investment trust’s stock after buying an additional 11,294 shares during the quarter. Public Sector Pension Investment Board’s holdings in Realty Income were worth $11,984,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Realty Income by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock valued at $8,418,907,000 after acquiring an additional 3,624,852 shares during the period. State Street Corp boosted its holdings in shares of Realty Income by 1.1% in the 2nd quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock valued at $3,556,436,000 after purchasing an additional 676,697 shares during the last quarter. Geode Capital Management LLC grew its position in Realty Income by 8.3% during the second quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after acquiring an additional 2,058,031 shares during the period. Raymond James Financial Inc. increased its position in Realty Income by 5.8% during the 2nd quarter. Raymond James Financial Inc. now owns 12,011,841 shares of the real estate investment trust’s stock worth $692,002,000 after purchasing an additional 654,958 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Realty Income during the second quarter worth about $676,500,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Up 1.3%

Shares of Realty Income stock opened at $65.65 on Monday. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $66.28. The company has a market cap of $60.39 billion, a P/E ratio of 60.79, a P/E/G ratio of 3.88 and a beta of 0.79. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. The stock has a 50-day moving average price of $59.43 and a 200 day moving average price of $58.80.

Realty Income Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, February 13th. Investors of record on Friday, January 30th were paid a $0.27 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Friday, January 30th. Realty Income’s dividend payout ratio is presently 300.00%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Mizuho dropped their target price on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research note on Monday, December 29th. Scotiabank upgraded shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $60.00 to $67.00 in a research report on Friday, January 30th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $61.00 target price on shares of Realty Income in a report on Thursday, December 18th. Finally, Royal Bank Of Canada boosted their price objective on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and an average target price of $63.21.

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.