TCW Group Inc. Acquires 310 Shares of Realty Income Co. (NYSE:O)

TCW Group Inc. grew its holdings in shares of Realty Income Co. (NYSE:O) by 2.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,226 shares of the real estate investment trust’s stock after acquiring an additional 310 shares during the period. TCW Group Inc.’s holdings in Realty Income were worth $653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont grew its position in shares of Realty Income by 12.7% during 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 during the period. Atlanta Consulting Group Advisors LLC bought a new stake in shares of Realty Income during the 3rd quarter valued at $896,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Realty Income by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock valued at $617,028,000 after buying an additional 463,286 shares in the last quarter. Asset Management One Co. Ltd. lifted 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 valued at $93,850,000 after buying an additional 101,184 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of Realty Income by 1.4% during the 3rd quarter. Swiss National Bank now owns 2,584,694 shares of the real estate investment trust’s stock valued at $163,921,000 after buying an additional 35,100 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Up 0.3 %

Shares of O stock opened at $57.28 on Tuesday. The stock has a market cap of $50.13 billion, a P/E ratio of 54.55, a PEG ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The company’s fifty day simple moving average is $53.97 and its two-hundred day simple moving average is $58.03.

Realty Income (NYSE:O) last announced its 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). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Analysts predict that Realty Income Co. will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The firm also recently announced a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.268 per share. This represents a dividend yield of 5.7%. This is a boost from Realty Income’s previous mar 25 dividend of $0.26. The ex-dividend date is Monday, March 3rd. Realty Income’s dividend payout ratio is currently 305.71%.

Analyst Ratings Changes

A number of research firms recently weighed in on O. UBS Group lowered their target price on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Barclays lowered their target price on shares of Realty Income from $59.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Mizuho lowered their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus lowered their target price on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.