Zurcher Kantonalbank Zurich Cantonalbank Has $40.66 Million Stock Position in Realty Income Co. (NYSE:O)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Realty Income Co. (NYSE:O - Free Report) by 27.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 761,211 shares of the real estate investment trust's stock after buying an additional 166,178 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.09% of Realty Income worth $40,656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Sierra Ocean LLC acquired a new stake in Realty Income in the 4th quarter valued at approximately $32,000. BankPlus Trust Department acquired a new position in Realty Income during the fourth quarter worth about $37,000. ST Germain D J Co. Inc. grew its holdings in Realty Income by 306.5% during the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust's stock worth $40,000 after acquiring an additional 567 shares during the period. Luken Investment Analytics LLC bought a new stake in Realty Income in the fourth quarter worth about $40,000. Finally, United Community Bank acquired a new stake in Realty Income in the 4th quarter valued at about $43,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Stock Up 1.7 %

NYSE O traded up $0.93 during trading on Friday, reaching $56.79. The company's stock had a trading volume of 6,364,522 shares, compared to its average volume of 5,319,233. The business has a 50-day moving average price of $55.04 and a 200-day moving average price of $57.76. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The stock has a market capitalization of $50.63 billion, a PE ratio of 54.09, a PEG ratio of 2.10 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 (NYSE:O - Get Free Report) last issued its quarterly earnings results 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). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. On average, research analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.2685 dividend. This represents a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from Realty Income's previous apr 25 dividend of $0.27. Realty Income's payout ratio is 327.55%.

Analyst Ratings Changes

O has been the topic of a number of research reports. UBS Group dropped their target price on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price target for the company. Stifel Nicolaus cut their price objective on Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada decreased their target price on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Finally, Mizuho dropped their target price on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $62.04.

Realty Income 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.