Mystic Asset Management Inc. Boosts Holdings in Realty Income Co. (NYSE:O)

Mystic Asset Management Inc. boosted its stake in Realty Income Co. (NYSE:O) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,428 shares of the real estate investment trust’s stock after acquiring an additional 3,130 shares during the period. Mystic Asset Management Inc.’s holdings in Realty Income were worth $1,572,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of O. OneDigital Investment Advisors LLC boosted its position in shares of Realty Income by 36.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 14,064 shares of the real estate investment trust’s stock valued at $892,000 after purchasing an additional 3,720 shares during the period. Empowered Funds LLC boosted its position in shares of Realty Income by 2.9% in the 3rd quarter. Empowered Funds LLC now owns 15,101 shares of the real estate investment trust’s stock valued at $954,000 after purchasing an additional 428 shares during the period. Natixis Advisors LLC boosted its position in shares of Realty Income by 6.5% in the 3rd quarter. Natixis Advisors LLC now owns 302,343 shares of the real estate investment trust’s stock valued at $19,175,000 after purchasing an additional 18,409 shares during the period. Swiss National Bank grew its position in shares of Realty Income by 1.4% during the third quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock worth $163,921,000 after acquiring an additional 35,100 shares during the last quarter. Finally, ETF Store Inc. grew its position in shares of Realty Income by 5.4% during the third quarter. ETF Store Inc. now owns 4,902 shares of the real estate investment trust’s stock worth $311,000 after acquiring an additional 252 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Trading Up 0.6 %

NYSE:O opened at $57.03 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The stock has a fifty day moving average price of $55.20 and a two-hundred day moving average price of $57.63. The stock 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.

Realty Income (NYSE:O) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. As a group, sell-side analysts anticipate that Realty Income Co. will post 4.19 earnings per share 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. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.2685 per share. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. This represents a dividend yield of 5.7%. Realty Income’s payout ratio is 328.57%.

Wall Street Analyst Weigh In

O has been the topic of a number of research reports. Mizuho lowered their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Barclays lifted their price objective on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 4th. Stifel Nicolaus reduced their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada reduced their price objective 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price target for the company. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.04.

About Realty Income

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.