GAMMA Investing LLC Has $40.99 Million Holdings in Realty Income Co. (NYSE:O)

GAMMA Investing LLC raised its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 6,002.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 706,562 shares of the real estate investment trust's stock after acquiring an additional 694,983 shares during the quarter. GAMMA Investing LLC owned approximately 0.08% of Realty Income worth $40,988,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC grew its stake in shares of Realty Income by 11.2% in the fourth quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock valued at $326,000 after buying an additional 615 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Realty Income by 4.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 27,436 shares of the real estate investment trust's stock valued at $1,465,000 after buying an additional 1,176 shares in the last quarter. Clear Creek Financial Management LLC grew its stake in shares of Realty Income by 23.7% in the fourth quarter. Clear Creek Financial Management LLC now owns 4,192 shares of the real estate investment trust's stock valued at $224,000 after buying an additional 802 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of Realty Income by 907.9% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 41,998 shares of the real estate investment trust's stock valued at $2,243,000 after buying an additional 37,831 shares in the last quarter. Finally, Optas LLC bought a new position in shares of Realty Income in the fourth quarter valued at $207,000. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barclays reissued an "overweight" rating on shares of Realty Income in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price objective on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research report on Monday, May 5th. UBS Group reduced their price objective on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Scotiabank lifted their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Finally, Mizuho lifted their price objective on shares of Realty Income from $54.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Realty Income has an average rating of "Hold" and a consensus target price of $61.15.

Realty Income Stock Performance

Shares of Realty Income stock traded down $0.15 during trading on Thursday, reaching $55.77. The company's stock had a trading volume of 4,881,799 shares, compared to its average volume of 5,190,465. The business's 50-day moving average price is $56.20 and its 200-day moving average price is $55.59. The firm has a market cap of $50.36 billion, a PE ratio of 53.11, a P/E/G ratio of 2.10 and a beta of 0.78. Realty Income Co. has a 52 week low of $50.71 and a 52 week high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.06. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Realty Income's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 earnings per share. Equities analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The firm also recently announced a jun 25 dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be given a $0.2685 dividend. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 5.8%. Realty Income's payout ratio is presently 292.73%.

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.