Teachers Retirement System of The State of Kentucky Decreases Stock Holdings in Realty Income Co. (NYSE:O)

Teachers Retirement System of The State of Kentucky decreased its position in Realty Income Co. (NYSE:OGet Rating) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,449 shares of the real estate investment trust’s stock after selling 1,151 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Realty Income were worth $1,833,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of O. AE Wealth Management LLC raised its position in shares of Realty Income by 10.1% in the 1st quarter. AE Wealth Management LLC now owns 58,974 shares of the real estate investment trust’s stock worth $4,087,000 after acquiring an additional 5,413 shares in the last quarter. Strategic Wealth Advisors Group LLC lifted its stake in shares of Realty Income by 46.3% in the 1st quarter. Strategic Wealth Advisors Group LLC now owns 30,438 shares of the real estate investment trust’s stock valued at $2,114,000 after purchasing an additional 9,637 shares during the period. Van ECK Associates Corp lifted its stake in shares of Realty Income by 7.8% in the 1st quarter. Van ECK Associates Corp now owns 279,535 shares of the real estate investment trust’s stock valued at $19,372,000 after purchasing an additional 20,260 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Realty Income by 5.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 313,486 shares of the real estate investment trust’s stock valued at $21,724,000 after purchasing an additional 16,935 shares during the period. Finally, Commerce Bank lifted its stake in shares of Realty Income by 7.5% in the 4th quarter. Commerce Bank now owns 25,792 shares of the real estate investment trust’s stock valued at $1,847,000 after purchasing an additional 1,794 shares during the period. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Realty Income Stock Down 0.9 %

Realty Income stock opened at $62.54 on Thursday. The firm has a market cap of $37.62 billion, a price-to-earnings ratio of 59.00, a PEG ratio of 4.14 and a beta of 0.73. The stock has a fifty day simple moving average of $70.11 and a two-hundred day simple moving average of $68.96. Realty Income Co. has a 12 month low of $62.28 and a 12 month high of $75.40. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.60.

Realty Income Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Monday, October 3rd will be issued a $0.248 dividend. This represents a $0.99 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Friday, September 30th. Realty Income’s payout ratio is 280.19%.

Analysts Set New Price Targets

A number of research analysts have recently commented on O shares. Raymond James lowered their target price on Realty Income from $82.00 to $78.00 and set an “outperform” rating for the company in a research note on Tuesday, September 6th. Credit Suisse Group initiated coverage on Realty Income in a research note on Wednesday, June 22nd. They set an “outperform” rating and a $75.00 price objective for the company. Morgan Stanley lowered their price objective on Realty Income from $77.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, July 12th. Jefferies Financial Group lowered their price objective on Realty Income from $81.00 to $78.00 in a research note on Thursday, June 30th. Finally, StockNews.com cut Realty Income from a “hold” rating to a “sell” rating in a research note on Thursday, September 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $76.57.

Realty Income Company 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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