Realty Income Co. (NYSE:O) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in Realty Income Co. (NYSE:O) by 148.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,660 shares of the real estate investment trust’s stock after purchasing an additional 5,774 shares during the period. GAMMA Investing LLC’s holdings in Realty Income were worth $510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Ballentine Partners LLC raised its position in Realty Income by 4.0% in the fourth quarter. Ballentine Partners LLC now owns 7,824 shares of the real estate investment trust’s stock valued at $449,000 after purchasing an additional 302 shares during the period. Advisory Alpha LLC purchased a new position in Realty Income during the 4th quarter valued at about $214,000. Arizona State Retirement System grew its position in Realty Income by 4.6% in the 4th quarter. Arizona State Retirement System now owns 199,413 shares of the real estate investment trust’s stock valued at $11,450,000 after acquiring an additional 8,856 shares in the last quarter. Chevy Chase Trust Holdings LLC increased its stake in Realty Income by 1.5% during the fourth quarter. Chevy Chase Trust Holdings LLC now owns 404,391 shares of the real estate investment trust’s stock worth $23,220,000 after purchasing an additional 5,980 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Realty Income by 10,591.3% during the fourth quarter. International Assets Investment Management LLC now owns 622,661 shares of the real estate investment trust’s stock worth $35,753,000 after purchasing an additional 616,837 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Up 2.3 %

Realty Income stock traded up $1.31 during mid-day trading on Friday, hitting $59.32. The company had a trading volume of 8,459,441 shares, compared to its average volume of 4,528,689. 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 1 year low of $45.03 and a 1 year high of $60.25. The business has a fifty day moving average of $54.41 and a 200 day moving average of $53.75. The stock has a market cap of $51.65 billion, a price-to-earnings ratio of 54.93, a PEG ratio of 5.05 and a beta of 0.96.

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

Realty Income Announces Dividend

The firm also recently announced a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a dividend of $0.263 per share. The ex-dividend date of this dividend is Thursday, August 1st. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is presently 292.59%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on O shares. Mizuho lifted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a report on Friday, May 10th. UBS Group boosted their price target on shares of Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Scotiabank increased their price objective on 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 assumed coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating for the company. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $61.88.

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.