Zions Bancorporation National Association UT Has $2.54 Million Stock Position in Realty Income Corporation $O

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

Several other large investors have also made changes to their positions in O. Aberdeen Group plc boosted its holdings in Realty Income by 8.7% in the second quarter. Aberdeen Group plc now owns 2,121,387 shares of the real estate investment trust’s stock valued at $131,441,000 after acquiring an additional 169,221 shares during the last quarter. Tortuga Wealth Management Inc acquired a new stake in Realty Income in the second quarter worth about $327,000. Carnegie Investment Counsel raised its holdings in Realty Income by 5.2% during the 2nd quarter. Carnegie Investment Counsel now owns 109,889 shares of the real estate investment trust’s stock worth $6,809,000 after purchasing an additional 5,401 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in Realty Income by 1.7% during the 2nd quarter. Pictet Asset Management Holding SA now owns 443,311 shares of the real estate investment trust’s stock worth $27,468,000 after purchasing an additional 7,404 shares during the last quarter. Finally, Ascentis Wealth Management LLC lifted its position in Realty Income by 8.6% during the 2nd 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 during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of Realty Income stock opened at $62.75 on Friday. The company has a market capitalization of $59.38 billion, a PE ratio of 45.80, a PEG ratio of 4.47 and a beta of 0.71. Realty Income Corporation has a 12 month low of $55.86 and a 12 month high of $67.93. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73. The stock’s fifty day simple moving average is $63.07 and its 200 day simple moving average is $63.08.

Realty Income (NYSE:O) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, hitting 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 period in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, research analysts predict that Realty Income Corporation will post 4.43 EPS for the current year.

Realty Income Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on O. Weiss Ratings raised shares of Realty Income from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 6th. Stifel Nicolaus set a $70.75 price objective on shares of Realty Income in a report on Tuesday, June 30th. Evercore set a $68.00 price objective on shares of Realty Income in a report on Friday, August 7th. Huntington began coverage on shares of Realty Income in a research note on Wednesday, July 15th. They issued an “outperform” rating and a $70.00 price objective on the stock. Finally, Barclays lowered their target price on shares of Realty Income from $68.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.42.

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.