Zions Bancorporation N.A. Increases Holdings in Realty Income Co. (NYSE:O)

Zions Bancorporation N.A. raised its stake in Realty Income Co. (NYSE:O) by 10.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,670 shares of the real estate investment trust’s stock after purchasing an additional 10,966 shares during the quarter. Zions Bancorporation N.A.’s holdings in Realty Income were worth $6,285,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Realty Income during the fourth quarter valued at approximately $553,572,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Realty Income by 765.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock valued at $478,556,000 after purchasing an additional 6,673,617 shares during the period. Janus Henderson Group PLC grew its holdings in Realty Income by 3,150.5% during the 3rd quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust’s stock valued at $175,142,000 after purchasing an additional 2,675,266 shares in the last quarter. Bank of Montreal Can increased its stake in Realty Income by 102.1% during the 3rd quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust’s stock worth $137,502,000 after buying an additional 1,107,493 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Realty Income by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 139,236,506 shares of the real estate investment trust’s stock worth $7,436,622,000 after buying an additional 555,908 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Up 0.9 %

Shares of NYSE:O opened at $56.32 on Tuesday. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The company’s fifty day moving average is $55.60 and its two-hundred day moving average is $57.42. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $50.21 billion, a price-to-earnings ratio of 53.63, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The business also recently announced a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be given a $0.2685 dividend. The ex-dividend date is Tuesday, April 1st. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. This represents a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is currently 328.57%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Barclays raised their target price on Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Stifel Nicolaus lowered their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada cut their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Mizuho decreased their price target on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, BNP Paribas cut shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and an average target price of $62.04.

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.