Illinois Municipal Retirement Fund Lowers Stock Position in Realty Income Corporation $O

Illinois Municipal Retirement Fund lessened its holdings in shares of Realty Income Corporation (NYSE:O) by 24.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 180,166 shares of the real estate investment trust’s stock after selling 58,496 shares during the period. Illinois Municipal Retirement Fund’s holdings in Realty Income were worth $11,023,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. EFG International AG bought a new position in shares of Realty Income in the 4th quarter worth about $26,000. Stance Capital LLC bought a new stake in Realty Income during the third quarter worth about $27,000. Evolution Wealth Management Inc. boosted its stake in Realty Income by 257.1% during the fourth quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 360 shares in the last quarter. Quattro Advisors LLC bought a new stake in Realty Income during the fourth quarter worth about $29,000. Finally, Sankala Group LLC purchased a new stake in Realty Income in the fourth quarter worth about $32,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Realty Income Price Performance

Shares of O opened at $65.72 on Friday. Realty Income Corporation has a twelve month low of $55.86 and a twelve month high of $67.93. The company has a market capitalization of $61.28 billion, a P/E ratio of 53.87, a price-to-earnings-growth ratio of 4.93 and a beta of 0.72. The firm has a 50 day moving average of $62.05 and a 200 day moving average of $62.39. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Realty Income had a return on equity of 2.80% and a net margin of 18.94%.The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.06 EPS. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, equities research analysts anticipate that Realty Income Corporation will post 4.45 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be paid a $0.271 dividend. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.9%. Realty Income’s payout ratio is currently 266.39%.

Analyst Upgrades and Downgrades

O has been the subject of a number of analyst reports. Morgan Stanley set a $67.00 target price on shares of Realty Income in a research note on Monday, April 27th. Wells Fargo & Company boosted their price target on Realty Income from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Robert W. Baird upped their price target on Realty Income from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, July 6th. Freedom Capital raised Realty Income from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Barclays lifted their price objective on Realty Income from $65.00 to $68.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Realty Income currently has an average rating of “Hold” and a consensus price target of $67.17.

More Realty Income News

Here are the key news stories impacting Realty Income this week:

• Positive Sentiment: Cooling inflation is helping boost sentiment toward Realty Income, a rate-sensitive REIT, because lower inflation can reduce pressure on interest rates and improve the appeal of dividend-paying real estate stocks. Realty Income Is the Dividend Stock I’d Buy as Cooling Inflation Turns Into a Tailwind
• Positive Sentiment: Huntington initiated coverage on Realty Income with an outperform rating and a $70 price target, signaling confidence that the stock can rally further from recent levels. Realty Income (NYSE:O) Now Covered by Analysts at Huntington
• Positive Sentiment: Wells Fargo raised its price target on Realty Income to $65, reflecting continued analyst support even though the firm kept an equal weight rating. Realty Income price target raised by Wells Fargo
• Neutral Sentiment: Additional articles highlighted Realty Income as a reliable dividend stock and one of the safer ultra-high-yield income names, which reinforces its defensive income-investor appeal but does not add a new catalyst. There Are 300 Ultra-High-Yield Dividend Stocks on Wall Street — but These 2 Are Arguably the Safest of the Bunch
• Neutral Sentiment: Market commentary also pointed to Realty Income as a beneficiary of the June CPI report, since cooler inflation could make rate cuts more likely and support REIT valuations. CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks (O)

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.