State of Alaska Department of Revenue Has $30.68 Million Stake in Realty Income Corporation (NYSE:O)

State of Alaska Department of Revenue increased its stake in shares of Realty Income Corporation (NYSE:O - Free Report) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 528,902 shares of the real estate investment trust's stock after purchasing an additional 6,349 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Realty Income worth $30,681,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWA Asset Management Group LLC increased its position in Realty Income by 9.1% in the first quarter. CWA Asset Management Group LLC now owns 8,216 shares of the real estate investment trust's stock worth $477,000 after purchasing an additional 687 shares during the period. JBR Co Financial Management Inc lifted its holdings in Realty Income by 35.8% in the first quarter. JBR Co Financial Management Inc now owns 23,565 shares of the real estate investment trust's stock valued at $1,367,000 after buying an additional 6,216 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in Realty Income by 62.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 38,534 shares of the real estate investment trust's stock valued at $2,207,000 after buying an additional 14,747 shares during the period. Essex Savings Bank boosted its stake in Realty Income by 9.8% in the first quarter. Essex Savings Bank now owns 8,592 shares of the real estate investment trust's stock valued at $498,000 after acquiring an additional 764 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its holdings in Realty Income by 18.6% during the 1st quarter. Cornerstone Wealth Management LLC now owns 4,840 shares of the real estate investment trust's stock worth $281,000 after acquiring an additional 758 shares during the period. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Trading Up 0.2%

O opened at $57.52 on Wednesday. The company has a market cap of $51.94 billion, a P/E ratio of 52.29, a price-to-earnings-growth ratio of 4.01 and a beta of 0.76. The company has a fifty day moving average price of $56.56 and a two-hundred day moving average price of $55.55. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.06. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 18.15% and a return on equity of 2.51%. The business's revenue was up 9.5% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. Analysts predict that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a jul 25 dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be given a dividend of $0.269 per share. The ex-dividend date is Tuesday, July 1st. This represents a yield of 5.6%. This is a positive change from Realty Income's previous jul 25 dividend of $0.27. Realty Income's dividend payout ratio is presently 292.73%.

Wall Street Analyst Weigh In

Several brokerages recently commented on O. Scotiabank raised their price objective on Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Royal Bank Of Canada reduced their price objective on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Barclays restated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. UBS Group lowered their target price on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Finally, BNP Paribas cut shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a report on Tuesday, February 25th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $61.15.

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.

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