State of Alaska Department of Revenue Has $27.53 Million Holdings in Realty Income Co. (NYSE:O)

State of Alaska Department of Revenue raised its position in Realty Income Co. (NYSE:O) by 13.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 508,990 shares of the real estate investment trust’s stock after acquiring an additional 59,908 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Realty Income worth $27,533,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in O. Vanguard Group Inc. lifted its holdings in Realty Income by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 113,920,054 shares of the real estate investment trust’s stock worth $6,541,290,000 after acquiring an additional 3,046,630 shares during the period. Dimensional Fund Advisors LP increased its position in Realty Income by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,542,160 shares of the real estate investment trust’s stock worth $547,931,000 after buying an additional 227,621 shares during the last quarter. Legal & General Group Plc increased its position in Realty Income by 0.5% in the third quarter. Legal & General Group Plc now owns 8,882,413 shares of the real estate investment trust’s stock worth $443,588,000 after buying an additional 47,437 shares during the last quarter. Norges Bank purchased a new stake in Realty Income in the fourth quarter worth $506,526,000. Finally, APG Asset Management US Inc. increased its position in Realty Income by 10.4% in the fourth quarter. APG Asset Management US Inc. now owns 8,221,575 shares of the real estate investment trust’s stock worth $472,083,000 after buying an additional 771,313 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on O shares. Scotiabank lifted their price target on Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. Mizuho boosted their target price on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. KeyCorp initiated coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating for the company. Finally, UBS Group reduced their target price on Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $61.35.

Realty Income Stock Up 0.0 %

Shares of O stock traded up $0.02 during midday trading on Wednesday, reaching $52.45. 2,125,730 shares of the stock were exchanged, compared to its average volume of 6,341,676. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18. The company’s 50 day moving average is $53.59 and its two-hundred day moving average is $54.03. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The firm has a market cap of $45.67 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 4.60 and a beta of 0.97.

Realty Income (NYSE:O) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the company posted $0.98 EPS. The firm’s revenue was up 33.5% on a year-over-year basis. On average, equities research analysts predict that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The business also recently declared a jul 24 dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be paid a $0.263 dividend. The ex-dividend date is Monday, July 1st. This represents a dividend yield of 6%. This is an increase from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s dividend payout ratio is presently 291.67%.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the sale, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

About Realty Income

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.