Public Sector Pension Investment Board Has $11.98 Million Position in Realty Income Corporation $O

Public Sector Pension Investment Board increased its position in shares of Realty Income Corporation (NYSE:O) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,130 shares of the real estate investment trust’s stock after acquiring an additional 11,294 shares during the quarter. Public Sector Pension Investment Board’s holdings in Realty Income were worth $11,984,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Heartwood Wealth Advisors LLC bought a new stake in Realty Income in the third quarter valued at about $29,000. Strengthening Families & Communities LLC increased its position in shares of Realty Income by 586.1% in the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 422 shares in the last quarter. Avion Wealth lifted its holdings in Realty Income by 142.4% during the second quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 309 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Realty Income in the 2nd quarter valued at approximately $31,000. Finally, Country Trust Bank increased its position in shares of Realty Income by 806.5% during the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of NYSE:O opened at $65.65 on Monday. Realty Income Corporation has a one year low of $50.71 and a one year high of $66.28. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market cap of $60.39 billion, a price-to-earnings ratio of 60.79, a PEG ratio of 3.88 and a beta of 0.79. The firm has a 50 day simple moving average of $59.43 and a 200 day simple moving average of $58.80.

Realty Income Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were issued a $0.27 dividend. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Friday, January 30th. Realty Income’s dividend payout ratio is presently 300.00%.

Wall Street Analysts Forecast Growth

O has been the topic of several research reports. Wells Fargo & Company boosted their target price on Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Mizuho cut their price objective on Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Royal Bank Of Canada lifted their price objective on shares of Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Tuesday, January 20th. Finally, Barclays boosted their price target on Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 3rd. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $63.21.

Realty Income 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.