Mattern Capital Management LLC Has $7.05 Million Stock Position in Realty Income Co. (NYSE:O)

Mattern Capital Management LLC raised its holdings in Realty Income Co. (NYSE:O) by 1.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 131,935 shares of the real estate investment trust’s stock after buying an additional 1,847 shares during the quarter. Mattern Capital Management LLC’s holdings in Realty Income were worth $7,047,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Morningstar Investment Management LLC grew its holdings in Realty Income by 10.4% in the 4th quarter. Morningstar Investment Management LLC now owns 3,861 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 365 shares during the last quarter. First Bank & Trust grew its holdings in Realty Income by 2.6% in the 4th quarter. First Bank & Trust now owns 34,373 shares of the real estate investment trust’s stock valued at $1,836,000 after buying an additional 866 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Realty Income by 6.7% during the 4th quarter. Concurrent Investment Advisors LLC now owns 22,704 shares of the real estate investment trust’s stock worth $1,213,000 after purchasing an additional 1,428 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Realty Income by 12.3% during the 4th quarter. Handelsbanken Fonder AB now owns 468,118 shares of the real estate investment trust’s stock worth $25,002,000 after purchasing an additional 51,315 shares in the last quarter. Finally, LMG Wealth Partners LLC acquired a new stake in shares of Realty Income during the 4th quarter worth approximately $3,965,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Price Performance

Realty Income stock opened at $56.51 on Friday. The business has a 50 day simple moving average of $53.85 and a 200 day simple moving average of $58.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The company has a market capitalization of $49.46 billion, a PE ratio of 53.82, a price-to-earnings-growth ratio of 2.06 and a beta of 1.00.

Realty Income Increases Dividend

The firm also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Shareholders of record on Monday, March 3rd will be given a $0.268 dividend. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date is Monday, March 3rd. This represents a yield of 5.7%. Realty Income’s payout ratio is presently 301.91%.

Wall Street Analysts Forecast Growth

O has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 price objective on the stock. Mizuho decreased their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Scotiabank decreased their price objective on Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada reissued an “outperform” rating and set a $62.00 price objective on shares of Realty Income in a report on Monday, January 27th. Finally, Barclays decreased their price objective on Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $62.21.

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.