GAMMA Investing LLC Takes Position in Realty Income Co. (NYSE:O)

GAMMA Investing LLC acquired a new stake in Realty Income Co. (NYSE:O) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,355 shares of the real estate investment trust’s stock, valued at approximately $182,000.

A number of other institutional investors also recently made changes to their positions in O. Manchester Capital Management LLC increased its stake in shares of Realty Income by 423.0% in the 3rd quarter. Manchester Capital Management LLC now owns 523 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 423 shares in the last quarter. Baystate Wealth Management LLC lifted its position in Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 190 shares during the period. FinTrust Capital Advisors LLC lifted its position in Realty Income by 302.1% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 429 shares during the period. CVA Family Office LLC purchased a new position in Realty Income during the 4th quarter valued at about $29,000. Finally, Operose Advisors LLC purchased a new position in Realty Income during the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target for the company. Royal Bank of Canada raised their price objective on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, January 11th. Mizuho reduced their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Stifel Nicolaus reduced their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Finally, StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $60.96.

Insider Buying and Selling

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 6,257 shares of the company’s stock, valued at $339,317.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by insiders.

Realty Income Trading Down 0.1 %

NYSE O opened at $53.72 on Friday. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The company’s 50-day moving average price is $52.65 and its 200-day moving average price is $53.48. The stock has a market cap of $46.26 billion, a PE ratio of 42.64, a PEG ratio of 5.58 and a beta of 0.92. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same period last year, the company earned $1.00 earnings per share. The firm’s revenue was up 21.1% compared to the same quarter last year. Equities research analysts forecast that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be paid a $0.257 dividend. This represents a yield of 5.9%. The ex-dividend date of this dividend is Tuesday, April 30th. Realty Income’s dividend payout ratio (DPR) is presently 244.45%.

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.