TIAA Trust National Association Cuts Stock Position in Realty Income Co. (NYSE:O)

TIAA Trust National Association cut its holdings in Realty Income Co. (NYSE:O) by 37.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,034 shares of the real estate investment trust’s stock after selling 3,057 shares during the quarter. TIAA Trust National Association’s holdings in Realty Income were worth $272,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in Realty Income by 17.6% in the 3rd quarter. Wellington Management Group LLP now owns 133,551 shares of the real estate investment trust’s stock valued at $6,670,000 after buying an additional 19,969 shares in the last quarter. Whittier Trust Co. lifted its stake in shares of Realty Income by 226.2% in the 4th quarter. Whittier Trust Co. now owns 4,107 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 2,848 shares during the last quarter. Advisor Resource Council acquired a new position in shares of Realty Income in the 4th quarter valued at $270,000. Premier Path Wealth Partners LLC acquired a new position in shares of Realty Income in the 4th quarter valued at $243,000. Finally, Salem Investment Counselors Inc. lifted its stake in shares of Realty Income by 48.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 3,393 shares of the real estate investment trust’s stock valued at $196,000 after purchasing an additional 1,102 shares during the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Down 0.6 %

Shares of NYSE O traded down $0.35 during mid-day trading on Monday, reaching $57.23. The company had a trading volume of 2,131,238 shares, compared to its average volume of 6,169,659. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market capitalization of $49.83 billion, a PE ratio of 52.98, a price-to-earnings-growth ratio of 5.01 and a beta of 0.96. The stock’s 50 day moving average is $53.70 and its 200-day moving average is $53.80.

Realty Income (NYSE:O) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.87). Realty Income had a return on equity of 3.26% and a net margin of 17.74%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm earned $0.98 EPS. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. As a group, equities analysts anticipate that Realty Income Co. will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a aug 24 dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be issued a $0.263 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Thursday, August 1st. Realty Income’s dividend payout ratio (DPR) is 292.59%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on O shares. Mizuho increased their target price on Realty Income from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Scotiabank increased their target price on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. KeyCorp began coverage on Realty Income in a research note on Wednesday, June 12th. They set a “sector weight” rating on the stock. Finally, UBS Group upped their price target on Realty Income from $61.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $61.88.

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.