Zurcher Kantonalbank Zurich Cantonalbank Purchases 33,043 Shares of Realty Income Co. (NYSE:O)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Realty Income Co. (NYSE:O) by 5.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 595,033 shares of the real estate investment trust’s stock after acquiring an additional 33,043 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.07% of Realty Income worth $37,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in O. Pacifica Partners Inc. raised its holdings in shares of Realty Income by 444.4% in the 2nd quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 400 shares during the period. Rosenberg Matthew Hamilton raised its position in Realty Income by 75.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 211 shares during the last quarter. MFA Wealth Advisors LLC purchased a new stake in shares of Realty Income during the 2nd quarter worth $33,000. Creative Capital Management Investments LLC raised its holdings in Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Realty Income during the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O stock opened at $58.32 on Friday. The company’s 50-day moving average is $60.44 and its 200 day moving average is $58.15. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $51.04 billion, a price-to-earnings ratio of 55.54, a price-to-earnings-growth ratio of 4.10 and a beta of 0.99. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.75). The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.02 earnings per share. Sell-side analysts expect that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.2635 per share. This represents a $3.16 annualized dividend and a dividend yield of 5.42%. This is a positive change from Realty Income’s previous monthly dividend of $0.24. The ex-dividend date is Monday, December 2nd. Realty Income’s dividend payout ratio is presently 300.96%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on O. JPMorgan Chase & Co. boosted their target price on Realty Income from $60.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, September 3rd. UBS Group lowered their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Royal Bank of Canada reduced their price objective on Realty Income from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Scotiabank boosted their target price on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $65.00 target price (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $63.85.

Insider Transactions at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the completion of the transaction, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. This trade represents a 6.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.10% of the company’s stock.

Realty Income Profile

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.