Farmers & Merchants Investments Inc. Purchases 12,437 Shares of Realty Income Co. (NYSE:O)

Farmers & Merchants Investments Inc. boosted its holdings in shares of Realty Income Co. (NYSE:O) by 13.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,511 shares of the real estate investment trust’s stock after acquiring an additional 12,437 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Realty Income were worth $5,573,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. American National Bank bought a new position in Realty Income in the fourth quarter valued at approximately $25,000. Vima LLC bought a new position in Realty Income in the fourth quarter valued at approximately $25,000. Pacifica Partners Inc. lifted its stake in Realty Income by 444.4% in the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 400 shares in the last quarter. Northwest Investment Counselors LLC bought a new position in Realty Income in the first quarter valued at approximately $27,000. Finally, Bell Investment Advisors Inc lifted its stake in Realty Income by 69.6% in the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 217 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on O shares. KeyCorp started coverage on shares of Realty Income in a research report on Wednesday, June 12th. They issued a “sector weight” rating on the stock. Mizuho boosted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Royal Bank of Canada boosted their price objective on shares of Realty Income from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Scotiabank boosted their price objective on shares of Realty Income from $56.00 to $61.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Finally, Robert W. Baird boosted their price objective on shares of Realty Income from $57.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $62.38.

Realty Income Stock Performance

Shares of O stock traded up $0.17 on Friday, hitting $62.50. The company’s stock had a trading volume of 245,046 shares, compared to its average volume of 5,922,566. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39. The stock’s 50 day moving average is $58.28 and its 200-day moving average is $54.91. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $63.39. The company has a market capitalization of $54.42 billion, a PE ratio of 57.71, a PEG ratio of 4.62 and a beta of 0.96.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 3.27%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the company posted $1.00 earnings per share. The company’s revenue was up 31.4% on a year-over-year basis. Equities research analysts expect that Realty Income Co. will post 3.93 earnings per share for the current fiscal year.

Realty Income Announces Dividend

The company also recently disclosed a sep 24 dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.263 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a yield of 5.2%. Realty Income’s dividend payout ratio is 291.67%.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the completion of the transaction, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently 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.