State of Alaska Department of Revenue boosted its position in shares of Realty Income Corp (NYSE:O) by 51.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,958 shares of the real estate investment trust’s stock after buying an additional 48,958 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Realty Income Corp worth $8,568,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. Huntington National Bank increased its stake in Realty Income Corp by 19.5% in the first quarter. Huntington National Bank now owns 83,842 shares of the real estate investment trust’s stock worth $4,990,000 after buying an additional 13,692 shares during the last quarter. Johanson Financial Advisors Inc. bought a new stake in Realty Income Corp during the first quarter worth about $246,000. Boys Arnold & Co. Inc. increased its stake in Realty Income Corp by 1.2% in the first quarter. Boys Arnold & Co. Inc. now owns 7,793 shares of the real estate investment trust’s stock worth $464,000 after buying an additional 90 shares during the last quarter. Lederer & Associates Investment Counsel CA increased its stake in Realty Income Corp by 17.7% in the first quarter. Lederer & Associates Investment Counsel CA now owns 4,590 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 690 shares during the last quarter. Finally, DnB Asset Management AS increased its stake in Realty Income Corp by 26.5% in the first quarter. DnB Asset Management AS now owns 27,200 shares of the real estate investment trust’s stock worth $1,619,000 after buying an additional 5,700 shares during the last quarter. 68.62% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Realty Income Corp (NYSE:O)

Realty Income Corp (NYSE:O) traded down 0.53% during midday trading on Friday, reaching $61.74. 490,218 shares of the company’s stock traded hands. Realty Income Corp has a 52 week low of $52.72 and a 52 week high of $72.29. The stock has a market capitalization of $16.06 billion, a price-to-earnings ratio of 54.64 and a beta of 0.37. The company’s 50-day moving average price is $59.80 and its 200 day moving average price is $59.04.

Realty Income Corp (NYSE:O) last announced its quarterly earnings data on Wednesday, February 22nd. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.02. The business had revenue of $287.84 million for the quarter, compared to the consensus estimate of $282.54 million. Realty Income Corp had a net margin of 28.37% and a return on equity of 5.04%. Realty Income Corp’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company posted $0.71 earnings per share. On average, equities research analysts expect that Realty Income Corp will post $1.24 earnings per share for the current year.

The business also recently disclosed a may 17 dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be paid a $0.211 dividend. The ex-dividend date of this dividend is Thursday, April 27th. This represents a dividend yield of 4.13%. Realty Income Corp’s payout ratio is 230.00%.

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A number of equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Realty Income Corp from a “buy” rating to a “hold” rating in a report on Thursday, January 12th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Realty Income Corp in a report on Monday, January 9th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $64.15.

In other news, Director Gregory Mclaughlin sold 1,875 shares of the firm’s stock in a transaction on Friday, March 24th. The shares were sold at an average price of $59.43, for a total value of $111,431.25. Following the sale, the director now owns 17,061 shares in the company, valued at $1,013,935.23. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Benjamin N. Fox sold 1,847 shares of the firm’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $59.55, for a total transaction of $109,988.85. Following the completion of the sale, the senior vice president now owns 17,432 shares in the company, valued at approximately $1,038,075.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,241 shares of company stock worth $4,617,465. 0.30% of the stock is currently owned by corporate insiders.

Realty Income Corp Company Profile

Realty Income Corporation is a real estate investment trust (REIT). The Company is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. As of December 31, 2016, the Company owned a diversified portfolio of 4,944 properties located in 49 states and Puerto Rico, with over 83.0 million square feet of leasable space leased to 248 different commercial tenants doing business in 47 separate industries.

5 Day Chart for NYSE:O

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