California Public Employees Retirement System raised its position in shares of Realty Income Corp (NYSE:O) by 22.0% in the second quarter, Holdings Channel reports. The fund owned 720,030 shares of the real estate investment trust’s stock after acquiring an additional 129,793 shares during the quarter. California Public Employees Retirement System’s holdings in Realty Income were worth $38,730,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Clarus Wealth Advisors acquired a new stake in shares of Realty Income in the second quarter valued at approximately $114,000. Perigon Wealth Management LLC increased its holdings in shares of Realty Income by 135.7% in the first quarter. Perigon Wealth Management LLC now owns 2,659 shares of the real estate investment trust’s stock valued at $138,000 after purchasing an additional 1,531 shares during the last quarter. New England Asset Management Inc. acquired a new stake in shares of Realty Income in the second quarter valued at approximately $178,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Realty Income in the second quarter valued at approximately $179,000. Finally, Ken Stern & Associates Inc. acquired a new stake in shares of Realty Income in the second quarter valued at approximately $200,000. 68.16% of the stock is owned by institutional investors and hedge funds.

In other news, Director A. Larry Chapman sold 9,000 shares of the firm’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $58.56, for a total transaction of $527,040.00. Following the completion of the transaction, the director now directly owns 18,757 shares in the company, valued at $1,098,409.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michael R. Pfeiffer sold 10,000 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $57.63, for a total value of $576,300.00. Following the transaction, the executive vice president now owns 37,655 shares of the company’s stock, valued at $2,170,057.65. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,067 shares of company stock valued at $5,142,150. Company insiders own 0.20% of the company’s stock.

Several research firms recently commented on O. ValuEngine raised Realty Income from a “sell” rating to a “hold” rating in a report on Wednesday, June 27th. JPMorgan Chase & Co. raised their target price on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Monday, September 17th. Zacks Investment Research cut Realty Income from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Mizuho set a $58.00 target price on Realty Income and gave the stock a “hold” rating in a research note on Monday, August 13th. Finally, Wells Fargo & Co set a $65.00 target price on Realty Income and gave the stock a “buy” rating in a research note on Tuesday, September 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $58.19.

O stock opened at $56.13 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.87. The firm has a market cap of $16.53 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 4.04 and a beta of 0.10. Realty Income Corp has a 52-week low of $47.25 and a 52-week high of $59.24.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.45). The business had revenue of $328.90 million for the quarter, compared to analyst estimates of $311.95 million. Realty Income had a return on equity of 5.05% and a net margin of 25.96%. Realty Income’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. equities research analysts anticipate that Realty Income Corp will post 3.18 earnings per share for the current fiscal year.

The company also recently declared a oct 18 dividend, which will be paid on Monday, October 15th. Stockholders of record on Monday, October 1st will be given a dividend of $0.2205 per share. This is a positive change from Realty Income’s previous oct 18 dividend of $0.22. This represents a dividend yield of 4.62%. The ex-dividend date is Friday, September 28th. Realty Income’s dividend payout ratio (DPR) is currently 86.27%.

Realty Income Profile

Realty Income, The Monthly Dividend Company is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,400 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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