13,289 Shares in Realty Income Co. (NYSE:O) Acquired by TCW Group Inc.

TCW Group Inc. acquired a new position in shares of Realty Income Co. (NYSE:O) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 13,289 shares of the real estate investment trust’s stock, valued at approximately $776,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. SVB Wealth LLC boosted its holdings in shares of Realty Income by 53.8% during the fourth quarter. SVB Wealth LLC now owns 7,656 shares of the real estate investment trust’s stock valued at $440,000 after acquiring an additional 2,677 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in Realty Income by 82.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 11,570 shares of the real estate investment trust’s stock valued at $670,000 after purchasing an additional 5,231 shares during the period. LexAurum Advisors LLC bought a new position in Realty Income in the 4th quarter worth about $203,000. Vest Financial LLC increased its stake in shares of Realty Income by 50.3% in the fourth quarter. Vest Financial LLC now owns 540,531 shares of the real estate investment trust’s stock valued at $31,037,000 after purchasing an additional 180,974 shares during the period. Finally, Sowell Financial Services LLC raised its holdings in shares of Realty Income by 21.0% during the fourth quarter. Sowell Financial Services LLC now owns 21,230 shares of the real estate investment trust’s stock valued at $1,224,000 after buying an additional 3,681 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Insider Activity at Realty Income

In related news, Director A. Larry Chapman sold 5,000 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

Realty Income Price Performance

Shares of O traded down $0.13 during trading hours on Friday, hitting $52.18. 4,660,522 shares of the company were exchanged, compared to its average volume of 5,748,535. The firm has a fifty day simple moving average of $53.48 and a 200-day simple moving average of $54.18. The company has a market capitalization of $45.44 billion, a PE ratio of 48.31, a PEG ratio of 4.56 and a beta of 0.92. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.83. Realty Income Co. has a one year low of $45.03 and a one year high of $64.18.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.87). The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.15 billion. Realty Income had a net margin of 17.74% and a return on equity of 3.26%. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 EPS. As a group, sell-side analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently declared a jun 24 dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.2625 per share. The ex-dividend date is Monday, June 3rd. This represents a dividend yield of 5.7%. This is a positive change from Realty Income’s previous jun 24 dividend of $0.26. Realty Income’s payout ratio is currently 285.19%.

Analysts Set New Price Targets

O has been the subject of a number of recent analyst reports. Scotiabank increased their price objective on Realty Income from $54.00 to $56.00 and gave the stock a “sector perform” rating in a report on Thursday, May 16th. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. BMO Capital Markets started coverage on shares of Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective for the company. Mizuho raised their target price on shares of Realty Income from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, Stifel Nicolaus dropped their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 21st. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $61.38.

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.