F M Investments LLC Purchases New Shares in Realty Income Co. (NYSE:O)

F M Investments LLC acquired a new position in Realty Income Co. (NYSE:O) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 131,684 shares of the real estate investment trust’s stock, valued at approximately $6,956,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in O. International Assets Investment Management LLC raised its holdings in Realty Income by 86.2% in the fourth quarter. International Assets Investment Management LLC now owns 10,844 shares of the real estate investment trust’s stock valued at $623,000 after acquiring an additional 5,020 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Realty Income by 423.6% in the 4th quarter. Headlands Technologies LLC now owns 1,063 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 860 shares during the last quarter. Choreo LLC raised its stake in shares of Realty Income by 11.1% in the 4th quarter. Choreo LLC now owns 7,777 shares of the real estate investment trust’s stock valued at $449,000 after purchasing an additional 777 shares in the last quarter. Intrust Bank NA bought a new position in shares of Realty Income during the fourth quarter worth about $290,000. Finally, Van ECK Associates Corp grew its stake in Realty Income by 20.1% in the fourth quarter. Van ECK Associates Corp now owns 282,877 shares of the real estate investment trust’s stock worth $16,243,000 after purchasing an additional 47,252 shares in the last quarter. 70.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

O has been the topic of several research reports. Wells Fargo & Company upped their price objective on Realty Income from $57.00 to $62.00 and gave the company an “equal weight” rating in a research note on Monday. KeyCorp began coverage on Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating on the stock. Stifel Nicolaus lifted their price objective on shares of Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a report on Wednesday. Wedbush began coverage on shares of Realty Income in a report on Monday, August 19th. They set a “neutral” rating and a $64.00 target price on the stock. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $62.00 price target on shares of Realty Income in a report on Tuesday, August 6th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.52.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the completion of the transaction, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by corporate insiders.

Realty Income Stock Performance

Realty Income stock traded up $0.71 during mid-day trading on Friday, hitting $62.11. 5,696,138 shares of the company’s stock traded hands, compared to its average volume of 5,981,170. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. Realty Income Co. has a one year low of $45.03 and a one year high of $62.41. The firm has a 50 day moving average price of $57.35 and a 200 day moving average price of $54.56. The company has a market cap of $54.08 billion, a PE ratio of 57.51, a price-to-earnings-growth ratio of 5.05 and a beta of 0.96.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.22 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. Realty Income’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 earnings per share. On average, equities analysts forecast that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Announces Dividend

The business also recently disclosed a sep 24 dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.263 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a dividend yield of 5.2%. Realty Income’s dividend payout ratio is presently 291.67%.

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.