Farmers & Merchants Investments Inc. Has $6.28 Million Stake in Realty Income Corporation $O

Farmers & Merchants Investments Inc. lowered its position in Realty Income Corporation (NYSE:O) by 20.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,316 shares of the real estate investment trust’s stock after selling 26,207 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Realty Income were worth $6,281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Realty Income by 11.2% during the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust’s stock worth $326,000 after purchasing an additional 615 shares during the last quarter. Bison Wealth LLC acquired a new position in Realty Income during the fourth quarter worth $571,000. Ieq Capital LLC raised its holdings in Realty Income by 24.9% during the first quarter. Ieq Capital LLC now owns 38,098 shares of the real estate investment trust’s stock valued at $2,210,000 after buying an additional 7,586 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Realty Income by 3.2% during the first quarter. The Manufacturers Life Insurance Company now owns 584,845 shares of the real estate investment trust’s stock valued at $33,927,000 after buying an additional 18,397 shares in the last quarter. Finally, Vident Advisory LLC lifted its position in shares of Realty Income by 33.0% in the first quarter. Vident Advisory LLC now owns 21,519 shares of the real estate investment trust’s stock worth $1,248,000 after buying an additional 5,341 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Trading Up 0.2%

Shares of Realty Income stock opened at $56.82 on Tuesday. Realty Income Corporation has a 1 year low of $50.71 and a 1 year high of $61.08. The company’s fifty day simple moving average is $57.46 and its 200-day simple moving average is $58.04. The company has a market cap of $52.26 billion, a price-to-earnings ratio of 52.61, a PEG ratio of 3.56 and a beta of 0.80. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm earned $1.05 EPS. The business’s revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. As a group, sell-side analysts expect that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.27 per share. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date is Wednesday, December 31st. Realty Income’s dividend payout ratio is presently 299.07%.

Analysts Set New Price Targets

O has been the topic of a number of analyst reports. Wells Fargo & Company increased their price objective on Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Royal Bank Of Canada increased their price target on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Barclays lifted their price target on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $61.00 price objective on shares of Realty Income in a report on Thursday, December 18th. Finally, Evercore ISI started coverage on shares of Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $62.23.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.