5,920 Shares in Realty Income Co. (NYSE:O) Bought by Traynor Capital Management Inc.

Traynor Capital Management Inc. purchased a new stake in shares of Realty Income Co. (NYSE:O) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,920 shares of the real estate investment trust’s stock, valued at approximately $320,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of O. American National Bank purchased a new stake in Realty Income in the fourth quarter worth about $25,000. Vima LLC purchased a new stake in shares of Realty Income during the fourth quarter worth about $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Realty Income during the first quarter worth about $27,000. Baystate Wealth Management LLC grew its position in shares of Realty Income by 62.7% during the fourth quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 190 shares in the last quarter. Finally, CVA Family Office LLC purchased a new stake in shares of Realty Income during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on O shares. UBS Group cut their target price on Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, May 31st. Mizuho increased their target price on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. KeyCorp started coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating for the company. Finally, Scotiabank increased their price target 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. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.35.

Insider Activity

In other news, Director A. Larry Chapman sold 5,000 shares of the 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 sale, the director now directly owns 6,257 shares in the company, valued at $339,317.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.10% of the company’s stock.

Realty Income Price Performance

NYSE:O opened at $53.63 on Tuesday. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The stock has a 50 day moving average of $53.56 and a two-hundred day moving average of $54.17. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.65. The firm has a market cap of $46.70 billion, a P/E ratio of 49.66, a price-to-earnings-growth ratio of 4.63 and a beta of 0.94.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (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 quarter last year, the company earned $0.98 earnings per share. Realty Income’s revenue for the quarter was up 33.5% on a year-over-year basis. On average, analysts expect that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a jul 24 dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be paid a $0.263 dividend. This is a boost from Realty Income’s previous jul 24 dividend of $0.26. This represents a dividend yield of 6%. The ex-dividend date is Monday, July 1st. Realty Income’s dividend payout ratio (DPR) is presently 291.67%.

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.