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

TIAA Trust National Association raised its holdings in Realty Income Co. (NYSE:O) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 202,455 shares of the real estate investment trust’s stock after acquiring 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.

Other institutional investors have also recently bought and sold shares of the company. Modern Wealth Management LLC increased its holdings in shares of Realty Income by 19.2% during the fourth quarter. Modern Wealth Management LLC now owns 14,366 shares of the real estate investment trust’s stock worth $775,000 after buying an additional 2,316 shares in the last quarter. CoreFirst Bank & Trust bought a new stake in Realty Income during the 4th quarter worth $58,000. ICW Investment Advisors LLC raised its position in Realty Income by 1.6% in the fourth quarter. ICW Investment Advisors LLC now owns 32,312 shares of the real estate investment trust’s stock valued at $1,726,000 after purchasing an additional 509 shares during the last quarter. United Services Automobile Association raised its position in Realty Income by 14.7% in the fourth quarter. United Services Automobile Association now owns 20,564 shares of the real estate investment trust’s stock valued at $1,098,000 after purchasing an additional 2,637 shares during the last quarter. Finally, Congress Wealth Management LLC DE boosted its stake in shares of Realty Income by 2.1% during the fourth quarter. Congress Wealth Management LLC DE now owns 13,750 shares of the real estate investment trust’s stock valued at $734,000 after purchasing an additional 282 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O stock opened at $55.64 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 52 week low of $50.65 and a 52 week high of $64.88. The firm has a 50 day moving average of $55.65 and a 200-day moving average of $57.38. The company has a market cap of $49.60 billion, a price-to-earnings ratio of 52.99, a price-to-earnings-growth ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last posted its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). The company 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%. On average, equities analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a $0.2685 dividend. 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 (DPR) is presently 328.57%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Scotiabank dropped their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. BNP Paribas lowered shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a report on Tuesday, February 25th. Mizuho decreased their price objective on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price on the stock. Finally, Stifel Nicolaus decreased their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.04.

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.