Zurcher Kantonalbank Zurich Cantonalbank Sells 15,150 Shares of Realty Income Co. (NYSE:O)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in Realty Income Co. (NYSE:O) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 448,837 shares of the real estate investment trust’s stock after selling 15,150 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of Realty Income worth $25,772,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Compass Wealth Management LLC acquired a new position in shares of Realty Income in the 4th quarter valued at approximately $25,000. Manchester Capital Management LLC boosted its position in Realty Income by 423.0% during the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 423 shares during the last quarter. Baystate Wealth Management LLC boosted its position in Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 190 shares during the last quarter. FinTrust Capital Advisors LLC boosted its position in Realty Income by 302.1% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 429 shares during the last quarter. Finally, CVA Family Office LLC acquired a new position in Realty Income during the 4th quarter worth approximately $29,000. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Up 0.9 %

O opened at $51.27 on Thursday. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18. The stock’s fifty day simple moving average is $52.51 and its 200 day simple moving average is $53.33. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The stock has a market cap of $44.15 billion, a PE ratio of 40.69, a price-to-earnings-growth ratio of 5.27 and a beta of 0.92.

Realty Income (NYSE:O) last posted its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted $1.00 EPS. The firm’s revenue was up 21.1% on a year-over-year basis. As a group, research analysts expect that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Announces Dividend

The company also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be given a dividend of $0.257 per share. This represents a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s payout ratio is 244.45%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on O shares. Royal Bank of Canada upped their price target on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Stifel Nicolaus reduced their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Mizuho dropped their price objective on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, BMO Capital Markets initiated coverage on Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and a consensus price target of $60.96.

Insiders Place Their Bets

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the transaction, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

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.