Realty Income Corporation $O Shares Sold by Zions Bancorporation National Association UT

Zions Bancorporation National Association UT lessened its position in shares of Realty Income Corporation (NYSE:O) by 12.0% in the 4th quarter, HoldingsChannel reports. The fund owned 108,136 shares of the real estate investment trust’s stock after selling 14,696 shares during the period. Zions Bancorporation National Association UT’s holdings in Realty Income were worth $6,096,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in O. Brighton Jones LLC grew its holdings in Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 615 shares in the last quarter. Bison Wealth LLC acquired a new position in Realty Income during the 4th quarter worth approximately $571,000. Empowered Funds LLC grew its holdings in Realty Income by 8.0% during the 1st quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock worth $1,041,000 after acquiring an additional 1,330 shares in the last quarter. Woodline Partners LP grew its holdings in Realty Income by 41.3% during the 1st quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust’s stock worth $4,289,000 after acquiring an additional 21,603 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in Realty Income by 14.9% during the 1st quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust’s stock worth $1,474,000 after acquiring an additional 3,290 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

O has been the subject of several analyst reports. Stifel Nicolaus boosted their price target on shares of Realty Income from $67.75 to $70.50 and gave the stock a “buy” rating in a report on Wednesday, February 25th. Cantor Fitzgerald boosted their price target on shares of Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, February 27th. Evercore reiterated a “positive” rating on shares of Realty Income in a report on Wednesday, February 25th. Royal Bank Of Canada boosted their price target on shares of Realty Income from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $67.46.

Realty Income Trading Up 1.6%

Shares of Realty Income stock opened at $62.23 on Thursday. The company has a fifty day simple moving average of $62.41 and a 200-day simple moving average of $61.39. Realty Income Corporation has a 12-month low of $55.86 and a 12-month high of $67.93. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72. The stock has a market cap of $58.03 billion, a price-to-earnings ratio of 51.00, a PEG ratio of 4.79 and a beta of 0.72.

Realty Income (NYSE:O) last issued its earnings results on Wednesday, May 6th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the business posted $1.06 EPS. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. On average, equities analysts forecast that Realty Income Corporation will post 4.44 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.271 dividend. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Tuesday, June 30th. This is a positive change from Realty Income’s previous monthly dividend of $0.27. Realty Income’s dividend payout ratio (DPR) is currently 265.57%.

Insider Activity

In other news, insider Michelle Bushore sold 7,400 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total value of $461,908.00. Following the completion of the transaction, the insider owned 67,641 shares in the company, valued at approximately $4,222,151.22. This represents a 9.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

Realty Income Company 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.