Signet Financial Management LLC Buys 227 Shares of Realty Income Co. (NYSE:O)

Signet Financial Management LLC lifted its stake in shares of Realty Income Co. (NYSE:O) by 4.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 5,354 shares of the real estate investment trust’s stock after acquiring an additional 227 shares during the period. Signet Financial Management LLC’s holdings in Realty Income were worth $290,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Realty Income in the 3rd quarter worth $243,000. Profund Advisors LLC increased its position in shares of Realty Income by 2.5% in the third quarter. Profund Advisors LLC now owns 10,423 shares of the real estate investment trust’s stock valued at $521,000 after acquiring an additional 250 shares during the period. Operose Advisors LLC purchased a new position in shares of Realty Income in the third quarter valued at about $30,000. O Shaughnessy Asset Management LLC increased its position in shares of Realty Income by 11.6% in the third quarter. O Shaughnessy Asset Management LLC now owns 15,124 shares of the real estate investment trust’s stock valued at $755,000 after acquiring an additional 1,569 shares during the period. Finally, Meeder Advisory Services Inc. increased its position in shares of Realty Income by 9.0% in the third quarter. Meeder Advisory Services Inc. now owns 6,683 shares of the real estate investment trust’s stock valued at $334,000 after acquiring an additional 551 shares during the period. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Down 0.7 %

NYSE:O traded down $0.35 during mid-day trading on Thursday, hitting $52.33. 1,688,365 shares of the company’s stock were exchanged, compared to its average volume of 6,352,576. The business has a fifty day moving average price of $53.60 and a 200 day moving average price of $54.16. The company has a market cap of $45.57 billion, a PE ratio of 48.63, a P/E/G ratio of 4.61 and a beta of 0.94. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83.

Realty Income (NYSE:O) last issued its earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.87). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. Equities analysts predict that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The company also recently announced a jul 24 dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a $0.263 dividend. This represents a dividend yield of 6%. The ex-dividend date of this dividend is Monday, July 1st. This is an increase from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s dividend payout ratio is currently 291.67%.

Insider Transactions at Realty Income

In other news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the transaction, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on O. UBS Group decreased their price objective on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Mizuho lifted their target price on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Scotiabank lifted their target price on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research note on Thursday, May 16th. Finally, KeyCorp began coverage on shares of Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating on the stock. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $61.35.

About Realty Income

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.