Buckley Wealth Management LLC Buys 340 Shares of Realty Income Co. (NYSE:O)

Buckley Wealth Management LLC raised its stake in Realty Income Co. (NYSE:O) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,276 shares of the real estate investment trust’s stock after buying an additional 340 shares during the period. Buckley Wealth Management LLC’s holdings in Realty Income were worth $502,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in O. American National Bank purchased a new stake in shares of Realty Income in the 4th quarter valued at $25,000. Vima LLC purchased a new stake in shares of Realty Income in the 4th quarter valued at $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of Realty Income in the 1st quarter valued at $27,000. Baystate Wealth Management LLC boosted its stake in shares of Realty Income by 62.7% in the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $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 in the 4th quarter valued at $29,000. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on O. Scotiabank increased their price target on shares of Realty Income from $54.00 to $56.00 and gave the company a “sector perform” rating in a research report on Thursday, May 16th. UBS Group dropped their price target on shares of Realty Income from $67.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, May 31st. KeyCorp began coverage on shares of Realty Income in a research report on Wednesday, June 12th. They set a “sector weight” rating for the company. Finally, Mizuho increased their price target on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Realty Income currently has an average rating of “Hold” and a consensus target price of $61.35.

Realty Income Trading Down 0.2 %

Shares of NYSE:O traded down $0.11 on Friday, hitting $52.32. The company had a trading volume of 3,023,602 shares, compared to its average volume of 6,362,126. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The firm’s 50-day simple moving average is $53.63 and its two-hundred day simple moving average is $54.15. The firm has a market capitalization of $45.56 billion, a price-to-earnings ratio of 48.44, a P/E/G ratio of 4.58 and a beta of 0.94. Realty Income Co. has a 1 year low of $45.03 and a 1 year high of $64.18.

Realty Income (NYSE:O) last issued its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.87). The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The firm’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. Equities analysts anticipate 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. Investors of record on Monday, July 1st will be paid a $0.263 dividend. This represents a dividend yield of 6%. This is a positive change from Realty Income’s previous jul 24 dividend of $0.26. The ex-dividend date is Monday, July 1st. Realty Income’s dividend payout ratio (DPR) is presently 291.67%.

Insider Buying and Selling

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

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.