State of Alaska Department of Revenue Purchases 9,635 Shares of Realty Income Corporation $O

State of Alaska Department of Revenue raised its position in shares of Realty Income Corporation (NYSE:O) by 1.8% in the second quarter, HoldingsChannel reports. The firm owned 538,537 shares of the real estate investment trust’s stock after acquiring an additional 9,635 shares during the period. State of Alaska Department of Revenue’s holdings in Realty Income were worth $31,023,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of O. Revisor Wealth Management LLC raised its position in shares of Realty Income by 2.3% in the 2nd quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock worth $454,000 after acquiring an additional 178 shares in the last quarter. N.E.W. Advisory Services LLC raised its position in shares of Realty Income by 1.2% in the 1st quarter. N.E.W. Advisory Services LLC now owns 15,503 shares of the real estate investment trust’s stock worth $899,000 after acquiring an additional 186 shares in the last quarter. RB Capital Management LLC raised its position in shares of Realty Income by 1.1% in the 2nd quarter. RB Capital Management LLC now owns 16,596 shares of the real estate investment trust’s stock worth $956,000 after acquiring an additional 187 shares in the last quarter. Associated Banc Corp raised its position in shares of Realty Income by 1.9% in the 1st quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust’s stock worth $595,000 after acquiring an additional 192 shares in the last quarter. Finally, Westbourne Investments Inc. raised its position in shares of Realty Income by 3.9% in the 1st quarter. Westbourne Investments Inc. now owns 5,300 shares of the real estate investment trust’s stock worth $307,000 after acquiring an additional 200 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Up 0.8%

Shares of O stock opened at $60.28 on Friday. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The stock’s fifty day moving average price is $58.44 and its 200 day moving average price is $57.23. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market cap of $55.11 billion, a price-to-earnings ratio of 58.52, a price-to-earnings-growth ratio of 4.57 and a beta of 0.77.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 EPS. On average, research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.2695 per share. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date is Wednesday, October 1st. This is a boost from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio (DPR) is presently 313.59%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on O shares. UBS Group boosted their price target on Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, August 15th. Mizuho boosted their price target on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Barclays boosted their price target on Realty Income from $58.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 20th. Scotiabank boosted their target price on Realty Income from $58.00 to $60.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 28th. Finally, Wolfe Research downgraded Realty Income from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.36.

Realty Income Profile

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.