GAMMA Investing LLC Invests $182,000 in Realty Income Co. (NYSE:O)

GAMMA Investing LLC acquired a new position in Realty Income Co. (NYSE:O) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,355 shares of the real estate investment trust’s stock, valued at approximately $182,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Realty Income by 3.9% in the third quarter. Vanguard Group Inc. now owns 110,873,424 shares of the real estate investment trust’s stock valued at $5,537,019,000 after buying an additional 4,172,231 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Realty Income by 1.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 9,271,278 shares of the real estate investment trust’s stock valued at $463,007,000 after purchasing an additional 117,313 shares in the last quarter. Northern Trust Corp grew its stake in Realty Income by 5.2% during the 3rd quarter. Northern Trust Corp now owns 9,163,663 shares of the real estate investment trust’s stock valued at $457,633,000 after purchasing an additional 452,046 shares in the last quarter. Legal & General Group Plc grew its stake in Realty Income by 0.5% during the 3rd quarter. Legal & General Group Plc now owns 8,882,413 shares of the real estate investment trust’s stock valued at $443,588,000 after purchasing an additional 47,437 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Realty Income by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 7,153,228 shares of the real estate investment trust’s stock worth $357,228,000 after acquiring an additional 407,538 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. BMO Capital Markets assumed coverage on Realty Income in a research report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price for the company. StockNews.com upgraded Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Royal Bank of Canada lifted their target price on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, January 11th. Mizuho decreased their target price on Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Finally, Stifel Nicolaus cut their price target on Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $60.96.

Realty Income Trading Down 0.1 %

Shares of O stock opened at $53.72 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.28 and a current ratio of 1.28. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18. The stock has a fifty day moving average of $52.65 and a two-hundred day moving average of $53.48. The firm has a market capitalization of $46.26 billion, a PE ratio of 42.64, a price-to-earnings-growth ratio of 5.58 and a beta of 0.92.

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

Realty Income Dividend Announcement

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

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.10% of the company’s stock.

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.