Hamel Associates Inc. Buys 20,091 Shares of Realty Income Corporation $O

Hamel Associates Inc. boosted its stake in Realty Income Corporation (NYSE:O) by 543.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,791 shares of the real estate investment trust’s stock after acquiring an additional 20,091 shares during the period. Hamel Associates Inc.’s holdings in Realty Income were worth $1,341,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Stance Capital LLC bought a new stake in Realty Income in the third quarter worth about $27,000. Evolution Wealth Management Inc. raised its position in Realty Income by 257.1% in the fourth quarter. Evolution Wealth Management Inc. now owns 500 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 360 shares during the period. Ameriflex Group Inc. raised its position in Realty Income by 68.7% in the third quarter. Ameriflex Group Inc. now owns 528 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 215 shares during the period. FNY Investment Advisers LLC raised its position in Realty Income by 622.2% in the fourth quarter. FNY Investment Advisers LLC now owns 650 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 560 shares during the period. Finally, Costello Asset Management INC bought a new stake in shares of Realty Income in the fourth quarter valued at approximately $37,000. Institutional investors own 70.81% of the company’s stock.

Analyst Upgrades and Downgrades

O has been the topic of several research reports. Stifel Nicolaus boosted their price target on shares of Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a research report on Wednesday, February 25th. Royal Bank Of Canada boosted their price target on shares of Realty Income from $70.00 to $71.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Morgan Stanley set a $67.00 price target on shares of Realty Income in a research report on Monday, April 27th. Loop Capital set a $69.00 price target on shares of Realty Income in a research report on Monday, March 2nd. Finally, Cantor Fitzgerald boosted their price target on shares of Realty Income from $60.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $67.46.

Insider Buying and Selling

In related news, insider Michelle Bushore sold 7,400 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $62.42, for a total transaction of $461,908.00. Following the completion of the transaction, the insider owned 67,641 shares of the company’s stock, valued at approximately $4,222,151.22. The trade was a 9.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Realty Income Price Performance

Shares of NYSE:O opened at $62.23 on Thursday. The company has a 50 day moving average of $62.41 and a 200 day moving average of $61.39. The stock has a market cap of $58.03 billion, a P/E ratio of 51.00, a P/E/G ratio of 4.79 and a beta of 0.72. Realty Income Corporation has a 12 month low of $55.86 and a 12 month high of $67.93. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

Realty Income (NYSE:O) last issued its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Realty Income had a net margin of 18.94% and a return on equity of 2.80%. Realty Income’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.06 earnings per share. Realty Income has set its FY 2026 guidance at 4.410-4.440 EPS. As a group, sell-side analysts forecast that Realty Income Corporation will post 4.44 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.271 per share. This is an increase from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Realty Income’s dividend payout ratio is presently 265.57%.

Realty Income 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.