Farmers & Merchants Investments Inc. Purchases 3,305 Shares of Realty Income Co. (NYSE:O)

Farmers & Merchants Investments Inc. boosted its position in Realty Income Co. (NYSE:O) by 3.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,074 shares of the real estate investment trust’s stock after acquiring an additional 3,305 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Realty Income were worth $5,035,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. American National Bank acquired a new position in Realty Income in the fourth quarter valued at about $25,000. Vima LLC acquired a new stake in shares of Realty Income during the fourth quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Realty Income during the first quarter worth about $27,000. Baystate Wealth Management LLC grew its holdings 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 buying an additional 190 shares in the last quarter. Finally, CVA Family Office LLC bought a new position in shares of Realty Income during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Wall Street Analyst Weigh In

O has been the subject of a number of analyst reports. UBS Group decreased their price target on Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research note on Friday, May 31st. Mizuho lifted their target price on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. KeyCorp assumed coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating for the company. Finally, Scotiabank lifted their price target on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $61.35.

Insider Buying and Selling

In related news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the sale, the director now owns 6,257 shares in the company, valued at approximately $339,317.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Realty Income Price Performance

Shares of NYSE O opened at $52.42 on Wednesday. The stock has a market capitalization of $45.65 billion, a PE ratio of 48.54, a P/E/G ratio of 4.60 and a beta of 0.97. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. The business has a fifty day moving average price of $53.61 and a two-hundred day moving average price of $54.07. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $64.18.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $1.15 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. Realty Income’s revenue was up 33.5% on a year-over-year basis. As a group, equities analysts predict that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a jul 24 dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, July 1st will be issued a dividend of $0.263 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a dividend yield of 6%. This is a boost from Realty Income’s previous jul 24 dividend of $0.26. Realty Income’s payout ratio is 291.67%.

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.