Retirement Planning Co of New England Inc. Purchases 1,270 Shares of Realty Income Co. (NYSE:O)

Retirement Planning Co of New England Inc. boosted its position in shares of Realty Income Co. (NYSE:O) by 9.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,421 shares of the real estate investment trust’s stock after purchasing an additional 1,270 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in Realty Income were worth $824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mystic Asset Management Inc. raised its holdings in Realty Income by 11.9% during the 4th quarter. Mystic Asset Management Inc. now owns 29,428 shares of the real estate investment trust’s stock worth $1,572,000 after purchasing an additional 3,130 shares during the last quarter. Edgemoor Investment Advisors Inc. raised its holdings in Realty Income by 0.7% during the 4th quarter. Edgemoor Investment Advisors Inc. now owns 172,860 shares of the real estate investment trust’s stock worth $9,232,000 after purchasing an additional 1,117 shares during the last quarter. Signaturefd LLC raised its holdings in Realty Income by 3.9% during the 4th quarter. Signaturefd LLC now owns 27,620 shares of the real estate investment trust’s stock worth $1,475,000 after purchasing an additional 1,042 shares during the last quarter. Cibc World Markets Corp raised its holdings in Realty Income by 12.7% during the 4th quarter. Cibc World Markets Corp now owns 392,563 shares of the real estate investment trust’s stock worth $20,967,000 after purchasing an additional 44,240 shares during the last quarter. Finally, GWN Securities Inc. bought a new stake in Realty Income during the 4th quarter worth about $491,000. 70.81% of the stock is owned by institutional investors.

Realty Income Stock Up 0.6 %

O opened at $57.03 on Tuesday. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The stock’s fifty day simple moving average is $55.20 and its 200 day simple moving average is $57.63. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market cap of $50.84 billion, a PE ratio of 54.31, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. As a group, research analysts expect that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.2685 dividend. This represents a yield of 5.7%. This is a positive change from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date of this dividend is Tuesday, April 1st. Realty Income’s dividend payout ratio is currently 328.57%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on O shares. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Barclays boosted their target price on Realty Income from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 4th. Royal Bank of Canada decreased their target price on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Scotiabank decreased their target price on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Finally, Mizuho decreased their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Eleven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Realty Income presently has an average rating of “Hold” and an average price target 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.