Realty Income Corporation $O Shares Bought by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. raised its holdings in Realty Income Corporation (NYSE:O - Free Report) by 4.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 129,523 shares of the real estate investment trust's stock after acquiring an additional 5,999 shares during the quarter. Farmers & Merchants Investments Inc.'s holdings in Realty Income were worth $7,462,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Keystone Global Partners LLC acquired a new stake in Realty Income in the first quarter valued at $26,000. PSI Advisors LLC lifted its holdings in Realty Income by 78.3% in the first quarter. PSI Advisors LLC now owns 574 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 252 shares during the period. Fourth Dimension Wealth LLC acquired a new stake in Realty Income in the fourth quarter valued at $34,000. FSC Wealth Advisors LLC lifted its holdings in Realty Income by 288.0% in the first quarter. FSC Wealth Advisors LLC now owns 613 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 455 shares during the period. Finally, CBIZ Investment Advisory Services LLC raised its stake in shares of Realty Income by 87.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 649 shares of the real estate investment trust's stock worth $38,000 after buying an additional 303 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on O. Scotiabank lifted their price target on Realty Income from $58.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 28th. Barclays lifted their price target on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 20th. Mizuho lifted their price target on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. UBS Group lifted their price target on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a research note on Friday, August 15th. Finally, Wolfe Research downgraded Realty Income from an "outperform" rating to a "peer perform" rating in a research note on Monday, July 14th. Three investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Realty Income presently has a consensus rating of "Hold" and an average target price of $62.36.

Realty Income Stock Up 0.2%

Shares of NYSE:O opened at $59.21 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.85 and a current ratio of 1.85. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $64.88. The stock has a market capitalization of $54.14 billion, a P/E ratio of 57.49, a PEG ratio of 4.52 and a beta of 0.77. The stock has a 50-day simple moving average of $58.17 and a 200-day simple moving average of $57.16.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The firm's revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be given a dividend of $0.2695 per share. This is a boost from Realty Income's previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a c) annualized dividend and a yield of 5.5%. Realty Income's dividend payout ratio is presently 313.59%.

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.

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