Park National Corp OH Purchases 24,031 Shares of Realty Income Co. (NYSE:O)

Park National Corp OH lifted its position in Realty Income Co. (NYSE:O - Free Report) by 24.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,932 shares of the real estate investment trust's stock after buying an additional 24,031 shares during the quarter. Park National Corp OH's holdings in Realty Income were worth $7,189,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Realty Income during the 4th quarter valued at $624,666,000. Raymond James Financial Inc. acquired a new position in Realty Income during the 4th quarter valued at $553,572,000. Northern Trust Corp raised its stake in Realty Income by 41.2% during the 4th quarter. Northern Trust Corp now owns 13,139,719 shares of the real estate investment trust's stock valued at $701,792,000 after purchasing an additional 3,834,403 shares during the last quarter. California Public Employees Retirement System raised its stake in Realty Income by 26.7% during the 4th quarter. California Public Employees Retirement System now owns 3,849,998 shares of the real estate investment trust's stock valued at $205,628,000 after purchasing an additional 811,037 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Realty Income by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 23,473,694 shares of the real estate investment trust's stock valued at $1,253,584,000 after purchasing an additional 658,240 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on O. Barclays reiterated an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Stifel Nicolaus increased their price objective on shares of Realty Income from $65.50 to $68.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Mizuho increased their price objective on shares of Realty Income from $54.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, April 3rd. Scotiabank increased their price objective on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Finally, Wedbush restated a "neutral" rating and issued a $61.00 price objective on shares of Realty Income in a research note on Wednesday, May 7th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Realty Income currently has an average rating of "Hold" and a consensus price target of $61.15.

Realty Income Price Performance

Shares of O traded up $0.25 during trading hours on Friday, hitting $56.61. The stock had a trading volume of 9,965,391 shares, compared to its average volume of 5,210,949. The company's fifty day moving average is $56.21 and its two-hundred day moving average is $55.60. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 52 week low of $50.71 and a 52 week high of $64.88. The stock has a market capitalization of $51.12 billion, a price-to-earnings ratio of 53.91, a P/E/G ratio of 2.10 and a beta of 0.78.

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 EPS for the quarter, hitting analysts' consensus estimates of $1.06. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company's revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS. On average, analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a $0.2685 dividend. This represents a dividend yield of 5.8%. The ex-dividend date is Monday, June 2nd. Realty Income's dividend payout ratio (DPR) is presently 292.73%.

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.