Texas Permanent School Fund Sells 4,652 Shares of Realty Income Co. (NYSE:O)

Texas Permanent School Fund decreased its holdings in shares of Realty Income Co. (NYSE:OGet Rating) by 6.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 73,383 shares of the real estate investment trust’s stock after selling 4,652 shares during the period. Texas Permanent School Fund’s holdings in Realty Income were worth $5,085,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Castle Financial & Retirement Planning Associates Inc. bought a new stake in Realty Income during the fourth quarter worth about $25,000. Hazlett Burt & Watson Inc. bought a new stake in Realty Income during the first quarter worth about $30,000. Rinkey Investments bought a new stake in Realty Income during the fourth quarter worth about $32,000. Riverview Trust Co bought a new stake in Realty Income during the first quarter worth about $34,000. Finally, Credit Agricole S A bought a new stake in shares of Realty Income in the 4th quarter valued at about $36,000. Institutional investors own 76.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on O shares. Credit Suisse Group started coverage on Realty Income in a research note on Wednesday, June 22nd. They issued an “outperform” rating and a $75.00 target price for the company. Raymond James boosted their target price on Realty Income from $76.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, July 8th. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research note on Saturday. Jefferies Financial Group lowered their target price on Realty Income from $81.00 to $78.00 in a research note on Thursday, June 30th. Finally, TheStreet raised Realty Income from a “c+” rating to a “b” rating in a research note on Wednesday, May 4th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.14.

Realty Income Stock Up 0.4 %

Shares of NYSE:O opened at $72.76 on Friday. Realty Income Co. has a 1 year low of $62.28 and a 1 year high of $75.40. The company has a market cap of $43.77 billion, a PE ratio of 68.64, a P/E/G ratio of 5.22 and a beta of 0.71. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.03 and a quick ratio of 2.03. The stock’s 50-day moving average is $68.95 and its 200 day moving average is $68.55.

Realty Income (NYSE:OGet Rating) last posted its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.63). The firm had revenue of $807.30 million for the quarter, compared to analysts’ expectations of $748.69 million. Realty Income had a return on equity of 2.51% and a net margin of 20.10%. The firm’s revenue was up 82.3% on a year-over-year basis. During the same quarter last year, the company posted $0.86 EPS. Sell-side analysts anticipate that Realty Income Co. will post 3.9 EPS for the current year.

Realty Income Announces Dividend

The company also recently disclosed a aug 22 dividend, which will be paid on Monday, August 15th. Shareholders of record on Monday, August 1st will be issued a $0.2475 dividend. The ex-dividend date of this dividend is Friday, July 29th. Realty Income’s dividend payout ratio (DPR) is 280.19%.

Realty Income Profile

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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 6,500 real estate properties owned under long-term lease agreements with our commercial clients.

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

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