Zurcher Kantonalbank Zurich Cantonalbank Sells 15,150 Shares of Realty Income Co. (NYSE:O)

Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in Realty Income Co. (NYSE:O - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 448,837 shares of the real estate investment trust's stock after selling 15,150 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Realty Income worth $25,772,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in O. Compass Wealth Management LLC bought a new stake in Realty Income during the 4th quarter valued at $25,000. Baystate Wealth Management LLC raised its stake in Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 190 shares in the last quarter. CVA Family Office LLC bought a new stake in Realty Income during the 4th quarter valued at $29,000. Manchester Capital Management LLC raised its stake in Realty Income by 423.0% during the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 423 shares in the last quarter. Finally, FinTrust Capital Advisors LLC raised its stake in Realty Income by 302.1% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 429 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the transaction, the director now owns 6,257 shares of the company's stock, valued at approximately $339,317.11. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company's stock.

Realty Income Stock Up 1.4 %

Shares of O traded up $0.74 during trading hours on Thursday, hitting $52.02. 4,959,003 shares of the company were exchanged, compared to its average volume of 6,909,938. The company has a market cap of $44.80 billion, a PE ratio of 40.97, a PEG ratio of 5.27 and a beta of 0.92. The firm's 50 day moving average is $52.51 and its 200-day moving average is $53.33. Realty Income Co. has a 52 week low of $45.03 and a 52 week high of $64.18. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company earned $1.00 EPS. Realty Income's revenue for the quarter was up 21.1% compared to the same quarter last year. On average, equities research analysts forecast that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Announces Dividend

The company also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.257 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income's dividend payout ratio (DPR) is 244.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on O shares. BMO Capital Markets started coverage on Realty Income in a research report on Tuesday, February 13th. They set a "market perform" rating and a $57.00 price target on the stock. StockNews.com upgraded Realty Income from a "sell" rating to a "hold" rating in a research report on Thursday, February 8th. Stifel Nicolaus lowered their price target on Realty Income from $67.75 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, February 21st. Mizuho lowered their price target on Realty Income from $60.00 to $56.00 and set a "buy" rating on the stock in a research report on Thursday, March 7th. Finally, Royal Bank of Canada lifted their target price on Realty Income from $58.00 to $60.00 and gave the stock an "outperform" rating in a report on Thursday, January 11th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $60.96.

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.