Zions Bancorporation National Association UT Makes New Investment in Realty Income Corporation (NYSE:O)

Zions Bancorporation National Association UT bought a new position in shares of Realty Income Corporation (NYSE:O - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 124,317 shares of the real estate investment trust's stock, valued at approximately $7,212,000.

Other institutional investors also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC grew its stake 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 valued at $899,000 after purchasing an additional 186 shares during the last quarter. Associated Banc Corp boosted its holdings in shares of Realty Income by 1.9% in the first quarter. Associated Banc Corp now owns 10,252 shares of the real estate investment trust's stock valued at $595,000 after acquiring an additional 192 shares in the last quarter. Kentucky Trust Co increased its stake in shares of Realty Income by 2.6% during the first quarter. Kentucky Trust Co now owns 9,035 shares of the real estate investment trust's stock worth $524,000 after acquiring an additional 225 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in Realty Income by 1.9% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 12,640 shares of the real estate investment trust's stock worth $675,000 after purchasing an additional 241 shares in the last quarter. Finally, PSI Advisors LLC lifted its position in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 252 shares during the period. Hedge funds and other institutional investors own 70.81% of the company's stock.

Wall Street Analysts Forecast Growth

O has been the subject of several recent analyst reports. Scotiabank raised 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. UBS Group lowered their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Wedbush restated a "neutral" rating and set a $61.00 target price on shares of Realty Income in a research report on Wednesday, May 7th. Barclays reissued an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $61.36.

Realty Income Stock Up 0.4%

Realty Income stock opened at $57.15 on Friday. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88. The firm's fifty day simple moving average is $57.20 and its 200-day simple moving average is $56.41. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $51.61 billion, a P/E ratio of 55.49, a P/E/G ratio of 3.99 and a beta of 0.76.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.35%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the company posted $1.07 EPS. The business's revenue was up 5.3% on a year-over-year basis. Sell-side analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a aug 25 dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a dividend of $0.269 per share. The ex-dividend date is Friday, August 1st. This represents a yield of 570.0%. Realty Income's payout ratio is currently 293.64%.

Realty Income Company 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.

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