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

Key Points

• Mystic Asset Management purchased 36,107 shares of Realty Income worth approximately $2.24 million in the second quarter. Institutional investors collectively own 70.81% of the REIT.
• Analysts maintain a generally positive outlook, with Realty Income receiving a “Moderate Buy” consensus rating and an average price target of $67.42.
• Realty Income reported quarterly revenue of $1.55 billion, up 9.7% year over year, while matching earnings expectations at $1.09 per share. The company also announced a monthly dividend of $0.271 per share, implying a 5.1% annualized yield.

Mystic Asset Management Inc. purchased a new stake in Realty Income Corporation (NYSE:O - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 36,107 shares of the real estate investment trust's stock, valued at approximately $2,237,000.

A number of other institutional investors have also modified their holdings of O. BlackRock Inc. acquired a new position in Realty Income in the second quarter valued at approximately $6,997,219,000. Norges Bank bought a new position in shares of Realty Income during the fourth quarter valued at approximately $558,775,000. Bank of New York Mellon Corp bought a new stake in shares of Realty Income in the 2nd quarter worth approximately $340,180,000. Deutsche Bank AG bought a new stake in shares of Realty Income in the 2nd quarter worth approximately $206,299,000. Finally, Morgan Stanley boosted its position in Realty Income by 21.6% during the 4th quarter. Morgan Stanley now owns 18,291,294 shares of the real estate investment trust's stock valued at $1,031,080,000 after purchasing an additional 3,252,091 shares during the period. Institutional investors own 70.81% of the company's stock.

Analyst Upgrades and Downgrades

O has been the subject of a number of recent research reports. Weiss Ratings upgraded Realty Income from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 6th. Barclays cut their target price on Realty Income from $68.00 to $67.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 22nd. UBS Group set a $67.00 price target on shares of Realty Income in a report on Thursday, June 18th. Scotiabank lowered their price target on shares of Realty Income from $72.00 to $67.00 and set a "sector outperform" rating for the company in a research report on Thursday, June 18th. Finally, Robert W. Baird increased their price objective on shares of Realty Income from $64.00 to $65.00 and gave the stock a "neutral" rating in a report on Monday, July 6th. One 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 stock. According to MarketBeat, Realty Income presently has an average rating of "Moderate Buy" and an average target price of $67.42.

Realty Income Stock Performance

Shares of NYSE O opened at $63.27 on Friday. Realty Income Corporation has a 12-month low of $55.86 and a 12-month high of $67.93. The company has a market cap of $59.87 billion, a PE ratio of 46.18, a P/E/G ratio of 4.47 and a beta of 0.71. The stock has a 50 day simple moving average of $63.18 and a 200-day simple moving average of $63.16. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 0.73.

Realty Income (NYSE:O - Get Free Report) last posted its earnings results on Wednesday, August 5th. The real estate investment trust reported $1.09 EPS 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 analysts' expectations of $1.40 billion. During the same period last year, the firm earned $1.05 EPS. The firm's revenue was up 9.7% compared to the same quarter last year. Realty Income has set its FY 2026 guidance at 4.440-4.450 EPS. On average, equities research analysts forecast that Realty Income Corporation will post 4.43 EPS for the current year.

Realty Income Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued 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 payout ratio is presently 237.23%.

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.

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