Zions Bancorporation National Association UT Decreases Position in Realty Income Corporation $O

Zions Bancorporation National Association UT lowered its position in Realty Income Corporation (NYSE:O) by 11.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC lifted its holdings in shares of Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 615 shares in the last quarter. Bison Wealth LLC acquired a new position in shares of Realty Income during the 4th quarter worth approximately $571,000. Empowered Funds LLC lifted its stake in Realty Income by 8.0% in the 1st quarter. Empowered Funds LLC now owns 18,029 shares of the real estate investment trust’s stock valued at $1,041,000 after buying an additional 1,330 shares in the last quarter. Woodline Partners LP grew its holdings in Realty Income by 41.3% during the 1st quarter. Woodline Partners LP now owns 73,942 shares of the real estate investment trust’s stock valued at $4,289,000 after buying an additional 21,603 shares during the last quarter. Finally, Intech Investment Management LLC increased its position in Realty Income by 14.9% during the first quarter. Intech Investment Management LLC now owns 25,401 shares of the real estate investment trust’s stock worth $1,474,000 after buying an additional 3,290 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Trading Up 1.3%

O stock opened at $65.65 on Monday. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $66.28. The company has a market cap of $60.39 billion, a price-to-earnings ratio of 60.79, a PEG ratio of 3.88 and a beta of 0.79. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $59.43 and a 200-day simple moving average of $58.80.

Realty Income Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently weighed in on O. Wall Street Zen downgraded shares of Realty Income from a “hold” rating to a “sell” rating in a research note on Tuesday, February 3rd. Wells Fargo & Company upped their price objective on shares of Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Cantor Fitzgerald decreased their target price on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Scotiabank upgraded Realty Income from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $60.00 to $67.00 in a report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft raised Realty Income from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research note on Tuesday, January 20th. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $63.21.

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.