Retirement Planning Co of New England Inc. Has $824,000 Stock Holdings in Realty Income Co. (NYSE:O)

Retirement Planning Co of New England Inc. raised its position in Realty Income Co. (NYSE:O) by 9.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,421 shares of the real estate investment trust’s stock after purchasing an additional 1,270 shares during the period. 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 (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. acquired a new stake in shares of Realty Income during the 4th quarter worth $29,000. Sierra Ocean LLC acquired a new stake in shares of Realty Income during the 4th quarter worth $32,000. BankPlus Trust Department acquired a new stake in shares of Realty Income during the 4th quarter worth $37,000. ST Germain D J Co. Inc. grew its holdings in shares of Realty Income by 306.5% during the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 567 shares in the last quarter. Finally, Luken Investment Analytics LLC acquired a new stake in shares of Realty Income during the 4th quarter worth $40,000. 70.81% of the stock is owned by institutional investors and hedge funds.

Realty Income Price Performance

Realty Income stock opened at $57.03 on Tuesday. 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 company has a market capitalization of $50.84 billion, a PE ratio of 54.31, a P/E/G ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The stock has a 50-day moving average price of $55.20 and a two-hundred day moving average price of $57.63.

Realty Income (NYSE:O) last posted its earnings results 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 firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on O. Barclays upped their price objective 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. Scotiabank dropped their price objective 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. Mizuho dropped 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. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective for the company. Finally, Royal Bank of Canada dropped their price objective 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. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.