Zurcher Kantonalbank Zurich Cantonalbank Purchases 123,320 Shares of Realty Income Corporation $O

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Realty Income Corporation (NYSE:O) by 14.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 989,470 shares of the real estate investment trust’s stock after purchasing an additional 123,320 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Realty Income were worth $55,776,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Crescent Sterling Ltd. raised its stake in shares of Realty Income by 4.1% in the third quarter. Crescent Sterling Ltd. now owns 4,515 shares of the real estate investment trust’s stock worth $274,000 after purchasing an additional 176 shares during the last quarter. Trust Investment Advisors lifted its holdings in shares of Realty Income by 0.8% during the fourth quarter. Trust Investment Advisors now owns 23,266 shares of the real estate investment trust’s stock valued at $1,311,000 after purchasing an additional 178 shares in the last quarter. Gold Investment Management Ltd. boosted its position in shares of Realty Income by 0.3% during the third quarter. Gold Investment Management Ltd. now owns 56,665 shares of the real estate investment trust’s stock valued at $3,445,000 after buying an additional 182 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Realty Income by 21.3% during the third quarter. Hantz Financial Services Inc. now owns 1,097 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 193 shares during the last quarter. Finally, HBK Sorce Advisory LLC increased its holdings in Realty Income by 1.3% in the 3rd quarter. HBK Sorce Advisory LLC now owns 15,578 shares of the real estate investment trust’s stock worth $926,000 after buying an additional 195 shares in the last quarter. 70.81% of the stock is owned by institutional investors.

Realty Income Trading Down 0.3%

Shares of NYSE:O opened at $64.92 on Tuesday. The stock’s 50-day simple moving average is $64.00 and its two-hundred day simple moving average is $60.47. The stock has a market capitalization of $60.54 billion, a price-to-earnings ratio of 55.49, a PEG ratio of 4.40 and a beta of 0.79. Realty Income Corporation has a 52-week low of $54.38 and a 52-week high of $67.93. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last released its quarterly earnings results on Tuesday, February 24th. The real estate investment trust reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. Realty Income had a net margin of 18.41% and a return on equity of 2.68%. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. Analysts expect that Realty Income Corporation will post 4.45 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be issued a dividend of $0.2705 per share. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Thursday, April 30th. Realty Income’s dividend payout ratio is currently 277.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Loop Capital set a $69.00 target price on Realty Income in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Realty Income in a report on Friday, April 10th. Royal Bank Of Canada increased their price objective on shares of Realty Income from $61.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. Finally, UBS Group raised their target price on shares of Realty Income from $66.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average price target of $66.61.

Insider Buying and Selling

In other Realty Income news, insider Michelle Bushore sold 7,400 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 67,641 shares in the company, valued at approximately $4,222,151.22. This trade represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Realty Income 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.