Zions Bancorporation National Association UT Sells 11,907 Shares of Realty Income Corporation $O

Zions Bancorporation National Association UT trimmed its stake in shares of Realty Income Corporation (NYSE:O) by 22.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,979 shares of the real estate investment trust’s stock after selling 11,907 shares during the period. Zions Bancorporation National Association UT’s holdings in Realty Income were worth $2,539,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Aberdeen Group plc boosted its stake in Realty Income by 8.7% in the 2nd quarter. Aberdeen Group plc now owns 2,121,387 shares of the real estate investment trust’s stock worth $131,441,000 after purchasing an additional 169,221 shares during the period. Tortuga Wealth Management Inc acquired a new stake in shares of Realty Income in the 2nd quarter valued at about $327,000. Carnegie Investment Counsel raised its stake in shares of Realty Income by 5.2% in the 2nd quarter. Carnegie Investment Counsel now owns 109,889 shares of the real estate investment trust’s stock valued at $6,809,000 after purchasing an additional 5,401 shares during the period. Pictet Asset Management Holding SA lifted its holdings in shares of Realty Income by 1.7% in the second quarter. Pictet Asset Management Holding SA now owns 443,311 shares of the real estate investment trust’s stock valued at $27,468,000 after purchasing an additional 7,404 shares in the last quarter. Finally, Ascentis Wealth Management LLC lifted its holdings in shares of Realty Income by 8.6% in the second quarter. Ascentis Wealth Management LLC now owns 11,168 shares of the real estate investment trust’s stock valued at $692,000 after purchasing an additional 885 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Realty Income from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. Huntington started coverage on Realty Income in a research report on Wednesday, July 15th. They issued an “outperform” rating and a $70.00 target price on the stock. Stifel Nicolaus set a $70.75 target price on Realty Income in a research note on Tuesday, June 30th. Evercore set a $68.00 price target on Realty Income in a research report on Friday, August 7th. Finally, Robert W. Baird raised their price target on shares of Realty Income from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Realty Income has an average rating of “Moderate Buy” and a consensus price target of $67.42.

Realty Income Trading Down 0.3%

Realty Income stock opened at $62.75 on Friday. The stock has a 50-day simple moving average of $63.07 and a 200 day simple moving average of $63.08. The stock has a market capitalization of $59.38 billion, a P/E ratio of 45.80, a PEG ratio of 4.47 and a beta of 0.71. The company has a debt-to-equity ratio of 0.73, a quick ratio of 5.88 and a current ratio of 5.88. Realty Income Corporation has a 52 week low of $55.86 and a 52 week high of $67.93.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.09. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the company earned $1.05 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Analysts expect that Realty Income Corporation will post 4.43 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a dividend of $0.271 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. Realty Income’s payout ratio is presently 237.23%.

About Realty Income

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.