Mizuho Securities USA LLC Increases Stock Position in Realty Income Co. (NYSE:O)

Mizuho Securities USA LLC grew its stake in Realty Income Co. (NYSE:O - Free Report) by 46.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 82,950 shares of the real estate investment trust's stock after acquiring an additional 26,479 shares during the period. Mizuho Securities USA LLC's holdings in Realty Income were worth $4,430,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Tcfg Wealth Management LLC lifted its position in shares of Realty Income by 2.9% during the fourth quarter. Tcfg Wealth Management LLC now owns 6,678 shares of the real estate investment trust's stock worth $357,000 after purchasing an additional 186 shares in the last quarter. Romano Brothers AND Company lifted its holdings in Realty Income by 2.0% during the 4th quarter. Romano Brothers AND Company now owns 10,194 shares of the real estate investment trust's stock worth $544,000 after buying an additional 200 shares in the last quarter. Bay Rivers Group boosted its position in Realty Income by 1.0% in the 4th quarter. Bay Rivers Group now owns 20,644 shares of the real estate investment trust's stock valued at $1,103,000 after buying an additional 200 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Realty Income by 11.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,144 shares of the real estate investment trust's stock worth $115,000 after acquiring an additional 218 shares in the last quarter. Finally, Howard Capital Management Inc. increased its position in shares of Realty Income by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 4,456 shares of the real estate investment trust's stock worth $238,000 after acquiring an additional 229 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Scotiabank reduced their target price on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Mizuho lowered their price objective 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. BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research note on Wednesday, December 11th. They set a "hold" rating and a $62.00 target price for the company. Finally, Royal Bank of Canada reduced their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $62.04.

Realty Income Price Performance

NYSE:O traded down $0.51 during trading hours on Tuesday, hitting $55.77. The company's stock had a trading volume of 2,678,719 shares, compared to its average volume of 4,993,201. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The business's 50-day moving average is $55.60 and its two-hundred day moving average is $57.42. The company has a market capitalization of $49.72 billion, a PE ratio of 53.14, a PEG ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O - Get Free Report) 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). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. As a group, research analysts anticipate that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

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

Realty Income Company 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.