Zions Bancorporation N.A. Acquires 10,966 Shares of Realty Income Co. (NYSE:O)

Zions Bancorporation N.A. raised its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 10.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 117,670 shares of the real estate investment trust's stock after acquiring an additional 10,966 shares during the period. Zions Bancorporation N.A.'s holdings in Realty Income were worth $6,285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in O. Lee Danner & Bass Inc. bought a new stake in Realty Income in the fourth quarter valued at approximately $28,000. Hopwood Financial Services Inc. acquired a new stake in Realty Income during the 4th quarter worth $29,000. Sierra Ocean LLC bought a new position in Realty Income during the fourth quarter worth about $32,000. Millstone Evans Group LLC bought a new stake in shares of Realty Income in the fourth quarter worth about $34,000. Finally, BankPlus Trust Department acquired a new stake in shares of Realty Income during the fourth quarter worth about $37,000. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Performance

Shares of O traded down $0.64 during mid-day trading on Tuesday, reaching $55.64. The company's stock had a trading volume of 6,716,384 shares, compared to its average volume of 4,986,044. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $49.60 billion, a P/E ratio of 52.99, a PEG ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The business has a 50-day simple moving average of $55.65 and a two-hundred day simple moving average of $57.38.

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Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion for 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%. As a group, equities research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.2685 per share. This represents a dividend yield of 5.7%. The ex-dividend date is Tuesday, April 1st. This is a boost from Realty Income's previous apr 25 dividend of $0.27. Realty Income's payout ratio is currently 328.57%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on O shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price target on the stock. Royal Bank of Canada dropped 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 reduced their price target on Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Scotiabank lowered their price objective on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Finally, Stifel Nicolaus reduced their target price on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a report on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus 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.