Park National Corp OH Trims Position in Realty Income Corporation $O

Park National Corp OH trimmed its position in shares of Realty Income Corporation (NYSE:O) by 17.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,293 shares of the real estate investment trust’s stock after selling 22,149 shares during the period. Park National Corp OH’s holdings in Realty Income were worth $5,992,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Stance Capital LLC bought a new position in Realty Income in the 3rd quarter worth $27,000. Heartwood Wealth Advisors LLC bought a new stake in Realty Income during the third quarter valued at about $29,000. Strengthening Families & Communities LLC lifted its position in shares of Realty Income by 586.1% in the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 422 shares in the last quarter. Ameriflex Group Inc. lifted its position in shares of Realty Income by 68.7% in the third quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 215 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of Realty Income in the second quarter worth about $31,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Realty Income stock opened at $62.62 on Friday. The company has a market cap of $58.39 billion, a price-to-earnings ratio of 53.52, a PEG ratio of 4.67 and a beta of 0.77. The firm’s fifty day moving average is $63.43 and its 200 day moving average is $60.03. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.72. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $67.93.

Realty Income (NYSE:O) last issued its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the company posted $1.05 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. Sell-side analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.2705 dividend. This is an increase from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date is Tuesday, March 31st. Realty Income’s dividend payout ratio (DPR) is 276.92%.

Analyst Ratings Changes

Several analysts recently issued reports on O shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Realty Income in a research report on Monday, December 29th. Wells Fargo & Company upped their price target on Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Cantor Fitzgerald increased their price objective on shares of Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, February 27th. Scotiabank increased their price objective on shares of Realty Income from $67.00 to $69.00 and gave the company a “sector outperform” rating in a report on Wednesday, March 11th. Finally, Stifel Nicolaus lifted their price objective on shares of Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $66.39.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.