TIAA Trust National Association Acquires 7,419 Shares of Realty Income Co. (NYSE:O)

TIAA Trust National Association increased its holdings in shares of Realty Income Co. (NYSE:O) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,455 shares of the real estate investment trust’s stock after purchasing an additional 7,419 shares during the period. TIAA Trust National Association’s holdings in Realty Income were worth $10,813,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of O. Raymond James Financial Inc. bought a new stake in shares of Realty Income in the fourth quarter valued at about $553,572,000. Trust Co. of Vermont lifted its stake in Realty Income by 12.7% in the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock valued at $13,540,000 after acquiring an additional 28,480 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock worth $40,656,000 after acquiring an additional 166,178 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Realty Income by 6.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock worth $93,850,000 after acquiring an additional 101,184 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Realty Income by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock worth $138,937,000 after purchasing an additional 74,185 shares in the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Price Performance

Realty Income stock opened at $55.64 on Wednesday. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The stock’s 50 day moving average is $55.65 and its 200-day moving average is $57.38. 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 $49.60 billion, a price-to-earnings ratio of 52.99, a PEG ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Equities research analysts expect that Realty Income Co. will post 4.19 EPS 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. Investors of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. This is a boost from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. This represents a yield of 5.7%. Realty Income’s dividend payout ratio is currently 328.57%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on O. Scotiabank decreased their target price on shares of 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 lowered their target price on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target for the company. in a research report on Tuesday, February 25th. Barclays boosted their price target 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. Finally, Stifel Nicolaus cut their price objective on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Realty Income has an average rating of “Hold” and an average price target of $62.04.

Realty Income 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.