Realty Income Corporation $O Shares Sold by Zions Bancorporation National Association UT

Zions Bancorporation National Association UT cut its position in Realty Income Corporation (NYSE:O) by 11.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,832 shares of the real estate investment trust’s stock after selling 16,066 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Realty Income were worth $7,467,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Heartwood Wealth Advisors LLC purchased a new position in shares of Realty Income during the third quarter worth approximately $29,000. Avion Wealth boosted its stake in Realty Income by 142.4% during the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 309 shares during the period. Strengthening Families & Communities LLC grew its position in Realty Income by 586.1% during the 3rd quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 422 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in Realty Income during the 2nd quarter worth $31,000. Finally, Country Trust Bank grew its holdings in shares of Realty Income by 806.5% during the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Scotiabank raised Realty Income from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $60.00 to $67.00 in a research report on Friday, January 30th. Mizuho decreased their price target on Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft raised shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Tuesday, January 20th. Barclays raised their target price on shares of Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 3rd. Finally, Cantor Fitzgerald dropped their price target on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Five analysts have rated the stock with a Buy rating, ten have issued 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 a consensus price target of $63.21.

Realty Income Price Performance

Realty Income stock opened at $65.65 on Monday. The company has a market cap of $60.39 billion, a P/E ratio of 60.79, a price-to-earnings-growth ratio of 3.88 and a beta of 0.79. Realty Income Corporation has a one year low of $50.71 and a one year high of $66.28. The business has a fifty day moving average of $59.43 and a two-hundred day moving average of $58.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53.

Realty Income Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were given a dividend of $0.27 per share. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date was Friday, January 30th. Realty Income’s dividend payout ratio is presently 300.00%.

Realty Income Company 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.