Caisse Des Depots ET Consignations Cuts Stake in Realty Income Corporation $O

Caisse Des Depots ET Consignations cut its holdings in Realty Income Corporation (NYSE:O) by 56.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,260 shares of the real estate investment trust’s stock after selling 27,197 shares during the period. Caisse Des Depots ET Consignations’ holdings in Realty Income were worth $1,292,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in O. Norges Bank purchased a new position in shares of Realty Income in the second quarter worth $676,500,000. Vanguard Group Inc. increased its holdings in Realty Income by 2.5% in 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 last quarter. Geode Capital Management LLC lifted its stake in Realty Income by 8.3% in the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock worth $1,548,687,000 after purchasing an additional 2,058,031 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of Realty Income by 420.0% during the 2nd quarter. Schroder Investment Management Group now owns 2,139,550 shares of the real estate investment trust’s stock valued at $123,259,000 after purchasing an additional 1,728,082 shares during the last quarter. Finally, ABN Amro Investment Solutions purchased a new position in shares of Realty Income during the second quarter valued at about $70,939,000. 70.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on O shares. Deutsche Bank Aktiengesellschaft upgraded Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Tuesday, January 20th. Wells Fargo & Company increased their target price on Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Wall Street Zen cut shares of Realty Income from a “hold” rating to a “sell” rating in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a research note on Monday, December 29th. Finally, Mizuho dropped their price objective on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Five 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $63.21.

Realty Income Price Performance

Shares of O stock opened at $64.51 on Thursday. The stock has a 50 day moving average price of $59.15 and a 200 day moving average price of $58.68. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $64.62. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. The firm has a market capitalization of $59.35 billion, a P/E ratio of 59.73, a P/E/G ratio of 3.78 and a beta of 0.79.

Realty Income Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 13th. Stockholders of record on Friday, January 30th will be paid a dividend of $0.27 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, January 30th. Realty Income’s payout ratio is currently 300.00%.

Realty Income Company Profile

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.