7,911 Shares in Realty Income Corp (O) Acquired by Zions Bancorporation

Zions Bancorporation acquired a new stake in Realty Income Corp (NYSE:O) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,911 shares of the real estate investment trust’s stock, valued at approximately $450,000.

Several other hedge funds have also recently bought and sold shares of the stock. Cypress Wealth Services LLC grew its stake in Realty Income by 18.0% during the 3rd quarter. Cypress Wealth Services LLC now owns 5,681 shares of the real estate investment trust’s stock worth $323,000 after purchasing an additional 866 shares in the last quarter. Glen Harbor Capital Management LLC grew its stake in Realty Income by 4.0% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 24,582 shares of the real estate investment trust’s stock worth $1,322,000 after purchasing an additional 952 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Realty Income by 0.3% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 379,244 shares of the real estate investment trust’s stock worth $21,575,000 after purchasing an additional 1,162 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Realty Income by 0.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 130,702 shares of the real estate investment trust’s stock worth $7,030,000 after purchasing an additional 1,177 shares in the last quarter. Finally, RB Capital Management LLC grew its stake in Realty Income by 8.8% during the 2nd quarter. RB Capital Management LLC now owns 14,601 shares of the real estate investment trust’s stock worth $785,000 after purchasing an additional 1,183 shares in the last quarter. Hedge funds and other institutional investors own 68.44% of the company’s stock.

Shares of NYSE O opened at $60.93 on Monday. The stock has a market capitalization of $17.48 billion, a P/E ratio of 19.91, a PEG ratio of 4.50 and a beta of -0.01. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.88. Realty Income Corp has a 52-week low of $47.25 and a 52-week high of $61.99.

Realty Income (NYSE:O) last announced its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $338.08 million during the quarter, compared to analysts’ expectations of $319.60 million. Realty Income had a return on equity of 5.17% and a net margin of 26.19%. The business’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 EPS. As a group, research analysts forecast that Realty Income Corp will post 3.17 earnings per share for the current fiscal year.

The company also recently announced a nov 18 dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, November 1st will be given a $0.2205 dividend. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a dividend yield of 4.56%. Realty Income’s dividend payout ratio (DPR) is presently 86.60%.

Several research analysts recently commented on O shares. JPMorgan Chase & Co. boosted their target price on Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research note on Monday, September 17th. Zacks Investment Research raised Realty Income from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Friday, October 5th. Wells Fargo & Co set a $65.00 price objective on Realty Income and gave the stock a “buy” rating in a research report on Tuesday, September 4th. Morgan Stanley cut Realty Income from an “overweight” rating to an “equal” rating and set a $31.00 price objective for the company. in a research report on Monday, October 1st. Finally, Mitsubishi UFJ Financial Group raised Realty Income from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $54.00 to $62.00 in a research report on Tuesday, July 10th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Realty Income currently has an average rating of “Hold” and a consensus target price of $56.51.

In related news, Director Gregory Mclaughlin sold 3,100 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $58.00, for a total value of $179,800.00. Following the completion of the sale, the director now directly owns 16,886 shares of the company’s stock, valued at approximately $979,388. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director A. Larry Chapman sold 9,000 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $58.56, for a total value of $527,040.00. Following the completion of the sale, the director now directly owns 18,757 shares of the company’s stock, valued at $1,098,409.92. The disclosure for this sale can be found here. 0.20% of the stock is owned by corporate insiders.

Realty Income Company Profile

Realty Income, The Monthly Dividend Company is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,400 real estate properties owned under long-term lease agreements with regional and national commercial tenants.

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Institutional Ownership by Quarter for Realty Income (NYSE:O)

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