Mystic Asset Management Inc. Takes $2.24 Million Position in Realty Income Corporation $O

Mystic Asset Management Inc. bought a new position in Realty Income Corporation (NYSE:O) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 36,107 shares of the real estate investment trust’s stock, valued at approximately $2,237,000.

Several other hedge funds and other institutional investors have also modified their holdings of O. Vanguard Group Inc. grew its position in Realty Income by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 150,415,287 shares of the real estate investment trust’s stock valued at $8,478,910,000 after purchasing an additional 684,949 shares in the last quarter. BlackRock Inc. bought a new position in Realty Income during the second quarter valued at about $6,997,219,000. State Street Corp lifted its holdings in Realty Income by 0.8% in the 4th quarter. State Street Corp now owns 63,559,987 shares of the real estate investment trust’s stock worth $3,599,676,000 after purchasing an additional 531,095 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Realty Income by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 29,206,196 shares of the real estate investment trust’s stock valued at $1,655,991,000 after purchasing an additional 793,100 shares during the period. Finally, Morgan Stanley raised its holdings in Realty Income by 21.6% in the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust’s stock worth $1,031,080,000 after acquiring an additional 3,252,091 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

O stock opened at $63.27 on Friday. The company has a quick ratio of 5.88, a current ratio of 5.88 and a debt-to-equity ratio of 0.73. Realty Income Corporation has a twelve month low of $55.86 and a twelve month high of $67.93. The business’s fifty day moving average is $63.18 and its 200-day moving average is $63.16. The company has a market cap of $59.87 billion, a P/E ratio of 46.18, a price-to-earnings-growth ratio of 4.47 and a beta of 0.71.

Realty Income (NYSE:O) last released its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 earnings per share for the quarter, meeting the consensus estimate of $1.09. Realty Income had a return on equity of 3.12% and a net margin of 20.93%.The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. Equities research analysts forecast that Realty Income Corporation will post 4.43 EPS for the current year.

Realty Income Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.271 per share. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) annualized dividend and a yield of 5.1%. Realty Income’s dividend payout ratio (DPR) is presently 237.23%.

Wall Street Analysts Forecast Growth

O has been the subject of a number of research analyst reports. Weiss Ratings upgraded Realty Income from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 6th. UBS Group set a $67.00 price target on shares of Realty Income in a research note on Thursday, June 18th. Barclays cut their price objective on Realty Income from $68.00 to $67.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. Wells Fargo & Company lifted their target price on shares of Realty Income from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 15th. Finally, Mizuho reduced their price target on shares of Realty Income from $68.00 to $66.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.42.

Realty Income Company 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.