Teachers Retirement System of The State of Kentucky Sells 1,151 Shares of Realty Income Co. (NYSE:O)

Teachers Retirement System of The State of Kentucky cut its holdings in Realty Income Co. (NYSE:OGet Rating) by 4.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hazlett Burt & Watson Inc. purchased a new position in shares of Realty Income in the first quarter valued at $30,000. Rinkey Investments purchased a new position in shares of Realty Income in the fourth quarter valued at $32,000. Riverview Trust Co purchased a new position in shares of Realty Income in the first quarter valued at $34,000. Credit Agricole S A purchased a new position in Realty Income during the fourth quarter worth $36,000. Finally, DeDora Capital Inc. purchased a new position in Realty Income during the first quarter worth $37,000. 81.57% of the stock is owned by hedge funds and other institutional investors.

Realty Income Stock Down 0.9 %

NYSE:O opened at $62.54 on Thursday. Realty Income Co. has a twelve month low of $62.28 and a twelve month high of $75.40. The company has a market cap of $37.62 billion, a price-to-earnings ratio of 59.00, a price-to-earnings-growth ratio of 4.14 and a beta of 0.73. The stock has a fifty day simple moving average of $70.11 and a 200-day simple moving average of $68.96. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Monday, October 3rd will be issued a $0.248 dividend. The ex-dividend date of this dividend is Friday, September 30th. This represents a $0.99 annualized dividend and a dividend yield of 1.59%. Realty Income’s payout ratio is currently 280.19%.

Analysts Set New Price Targets

O has been the subject of several recent analyst reports. Jefferies Financial Group dropped their price objective on shares of Realty Income from $81.00 to $78.00 in a research note on Thursday, June 30th. StockNews.com lowered shares of Realty Income from a “hold” rating to a “sell” rating in a research note on Thursday, September 1st. Morgan Stanley dropped their price objective on shares of Realty Income from $77.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, July 12th. Credit Suisse Group started coverage on shares of Realty Income in a research note on Wednesday, June 22nd. They set an “outperform” rating and a $75.00 price objective for the company. Finally, Raymond James decreased their target price on Realty Income from $82.00 to $78.00 and set an “outperform” rating for the company in a research report on Tuesday, September 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $76.57.

About Realty Income

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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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