Realty Income Co. (NYSE:O) Stock Position Raised by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its holdings in shares of Realty Income Co. (NYSE:O – Get Rating) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 462,188 shares of the real estate investment trust’s stock after buying an additional 5,736 shares during the period. State of Alaska Department of Revenue owned 0.07% of Realty Income worth $29,315,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of O. Smith Moore & CO. boosted its stake in Realty Income by 31.2% during the 2nd quarter. Smith Moore & CO. now owns 5,266 shares of the real estate investment trust’s stock valued at $359,000 after purchasing an additional 1,251 shares during the period. Insight Folios Inc boosted its stake in Realty Income by 4.1% during the 3rd quarter. Insight Folios Inc now owns 90,686 shares of the real estate investment trust’s stock valued at $5,278,000 after purchasing an additional 3,587 shares during the period. IFP Advisors Inc boosted its stake in Realty Income by 5.1% during the 3rd quarter. IFP Advisors Inc now owns 22,312 shares of the real estate investment trust’s stock valued at $965,000 after purchasing an additional 1,077 shares during the period. Mirabella Financial Services LLP acquired a new position in Realty Income during the 3rd quarter valued at about $484,000. Finally, AMG National Trust Bank boosted its stake in Realty Income by 183.6% during the 3rd quarter. AMG National Trust Bank now owns 15,030 shares of the real estate investment trust’s stock valued at $874,000 after purchasing an additional 9,730 shares during the period. Institutional investors own 80.56% of the company’s stock.

Realty Income Price Performance

O stock traded down $1.05 on Friday, hitting $61.38. 7,068,409 shares of the company’s stock traded hands, compared to its average volume of 3,836,245. Realty Income Co. has a 1-year low of $55.50 and a 1-year high of $75.40. The stock has a market cap of $40.54 billion, a price-to-earnings ratio of 43.23, a P/E/G ratio of 5.09 and a beta of 0.79. The stock has a fifty day moving average of $65.62 and a 200-day moving average of $63.78. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.63.

Realty Income (NYSE:O – Get Rating) last released its quarterly earnings results on Tuesday, February 21st. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.62). Realty Income had a net margin of 26.00% and a return on equity of 3.14%. The firm had revenue of $888.65 million for the quarter, compared to analyst estimates of $840.57 million. During the same quarter in the prior year, the firm earned $0.94 EPS. The firm’s revenue was up 29.7% compared to the same quarter last year. On average, analysts forecast that Realty Income Co. will post 4.09 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a mar 23 dividend, which will be paid on Friday, April 14th. Stockholders of record on Monday, April 3rd will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Friday, March 31st. This represents a dividend yield of 4.8%. This is a positive change from Realty Income’s previous mar 23 dividend of $0.25. Realty Income’s payout ratio is currently 214.79%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on O. BNP Paribas began coverage on shares of Realty Income in a research note on Tuesday, January 17th. They set a “neutral” rating and a $72.00 target price for the company. Mizuho reduced their price target on shares of Realty Income from $69.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, March 9th. StockNews.com began coverage on shares of Realty Income in a research note on Thursday. They issued a “sell” rating for the company. Royal Bank of Canada upped their price target on shares of Realty Income from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, February 23rd. Finally, Raymond James lowered shares of Realty Income from an “outperform” rating to a “market perform” rating in a research note on Monday, January 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $72.00.

Realty Income Company Profile

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Realty Income Corp. is a real estate company, which engages in generating dependable monthly cash dividends from a consistent and predictable level of cash flow from operations. The company was founded by William E. Clark, Jr. and Evelyn Joan Clark in 1969 and is headquartered in San Diego, CA.