It was discovered by German astronomer Max Wolf at Heidelberg Observatory on 4 July 1919.
[10] The carbonaceous asteroid is classified as a CU-type on the Tholen taxonomic scheme.
It orbits the Sun at a distance of 1.9–3.0 AU once every 3 years and 10 months (1,407 days).
[3] Measurements using the adaptive optics at the W. M. Keck Observatory give a diameter estimate of 76 km.
[11] The minor planet is named after the Austrian astronomer Johann Palisa (1848–1925), who has discovered many asteroids himself between 1874 and 1923.