Park National Corp OH Buys New Holdings in Realty Income Co. (NYSE:O)

Park National Corp OH acquired a new position in Realty Income Co. (NYSE:O - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 99,901 shares of the real estate investment trust's stock, valued at approximately $5,336,000.

A number of other institutional investors also recently bought and sold shares of the stock. Atlanta Consulting Group Advisors LLC purchased a new stake in shares of Realty Income in the third quarter worth $896,000. Code Waechter LLC purchased a new stake in Realty Income in the 3rd quarter worth $1,308,000. Charles Schwab Investment Management Inc. raised its holdings in Realty Income by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust's stock valued at $617,028,000 after acquiring an additional 463,286 shares during the period. Swiss National Bank lifted its position in shares of Realty Income by 1.4% in the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust's stock valued at $163,921,000 after acquiring an additional 35,100 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Realty Income by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock worth $138,937,000 after acquiring an additional 74,185 shares during the period. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

O has been the topic of several research analyst reports. Royal Bank of Canada decreased their price target on shares of Realty Income from $67.00 to $63.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 6th. UBS Group reduced their target price on Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Stifel Nicolaus dropped their price target on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research note on Wednesday. Scotiabank lifted their price objective on Realty Income from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research note on Tuesday, September 17th. Finally, Mizuho decreased their price objective on Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Wednesday. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $62.50.

Realty Income Stock Down 0.1 %

Shares of NYSE:O traded down $0.07 on Wednesday, reaching $52.44. The company had a trading volume of 4,722,661 shares, compared to its average volume of 5,109,354. The firm has a market capitalization of $45.90 billion, a PE ratio of 49.94, a PEG ratio of 2.05 and a beta of 1.00. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The firm's 50 day simple moving average is $55.62 and its 200-day simple moving average is $58.35.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.33 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the previous year, the firm earned $1.02 EPS. The firm's quarterly revenue was up 28.1% on a year-over-year basis. As a group, analysts expect that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a jan 25 dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.264 per share. The ex-dividend date is Thursday, January 2nd. This represents a dividend yield of 5.7%. This is an increase from Realty Income's previous jan 25 dividend of $0.26. Realty Income's dividend payout ratio is 300.95%.

About Realty Income

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.