GAMMA Investing LLC Acquires 531 Shares of Realty Income Co. (NYSE:O)

GAMMA Investing LLC lifted its holdings in shares of Realty Income Co. (NYSE:O) by 15.8% during the 1st quarter, Holdings Channel reports. The firm owned 3,886 shares of the real estate investment trust’s stock after purchasing an additional 531 shares during the quarter. GAMMA Investing LLC’s holdings in Realty Income were worth $210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. SVB Wealth LLC raised its stake in Realty Income by 53.8% during the 4th quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock worth $440,000 after buying an additional 2,677 shares during the period. CWA Asset Management Group LLC acquired a new position in Realty Income during the 4th quarter worth approximately $379,000. Dynamic Advisor Solutions LLC raised its stake in Realty Income by 82.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock worth $670,000 after buying an additional 5,231 shares during the period. Public Employees Retirement System of Ohio raised its stake in Realty Income by 4.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,343,159 shares of the real estate investment trust’s stock worth $77,124,000 after buying an additional 51,574 shares during the period. Finally, LexAurum Advisors LLC acquired a new position in Realty Income during the 4th quarter worth approximately $203,000. Institutional investors own 70.81% of the company’s stock.

Insider Buying and Selling at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Realty Income Stock Performance

O stock opened at $53.01 on Friday. The firm has a market cap of $46.16 billion, a PE ratio of 49.08, a P/E/G ratio of 4.62 and a beta of 0.94. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The business has a 50 day moving average of $53.49 and a 200-day moving average of $54.20. Realty Income Co. has a 12-month low of $45.03 and a 12-month high of $64.18.

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

Realty Income Increases Dividend

The company also recently disclosed a jul 24 dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be issued a dividend of $0.263 per share. This represents a yield of 6%. This is a positive change from Realty Income’s previous jul 24 dividend of $0.26. The ex-dividend date is Monday, July 1st. Realty Income’s dividend payout ratio is 291.67%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on O shares. KeyCorp began coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating on the stock. UBS Group lowered their price objective on Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Scotiabank increased their price objective on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Finally, Mizuho increased their price objective on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Realty Income has a consensus 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.