Realty Income Co. (NYSE:O) Shares Purchased by Mystic Asset Management Inc.

Mystic Asset Management Inc. increased its stake in shares of Realty Income Co. (NYSE:O) by 11.9% in the 4th quarter, HoldingsChannel reports. The firm owned 29,428 shares of the real estate investment trust’s stock after buying an additional 3,130 shares during the quarter. Mystic Asset Management Inc.’s holdings in Realty Income were worth $1,572,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of O. Hopwood Financial Services Inc. purchased a new stake in shares of Realty Income in the fourth quarter valued at $29,000. Sierra Ocean LLC acquired a new stake in shares of Realty Income during the 4th quarter worth about $32,000. BankPlus Trust Department acquired a new stake in shares of Realty Income during the 4th quarter worth about $37,000. ST Germain D J Co. Inc. boosted its stake in shares of Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 567 shares during the last quarter. Finally, Luken Investment Analytics LLC acquired a new stake in shares of Realty Income during the 4th quarter worth about $40,000. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Price Performance

Shares of NYSE O opened at $57.03 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a market capitalization of $50.84 billion, a price-to-earnings ratio of 54.31, a PEG ratio of 2.10 and a beta of 1.00. The business has a 50-day moving average of $55.20 and a 200-day moving average of $57.63.

Realty Income (NYSE:O) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. On average, equities analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. This represents a yield of 5.7%. Realty Income’s payout ratio is 328.57%.

Wall Street Analysts Forecast Growth

Several research firms have commented on O. Mizuho lowered their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Barclays lifted their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 4th. Royal Bank of Canada dropped their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price for the company. Finally, Stifel Nicolaus decreased their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.04.

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.