Realty Income Co. (NYSE:O) Shares Sold by TCW Group Inc.

TCW Group Inc. decreased its holdings in shares of Realty Income Co. (NYSE:O) by 2.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 11,916 shares of the real estate investment trust’s stock after selling 283 shares during the quarter. TCW Group Inc.’s holdings in Realty Income were worth $756,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Parnassus Investments LLC lifted its stake in Realty Income by 7.4% in the third quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust’s stock valued at $1,550,506,000 after buying an additional 1,676,293 shares during the last quarter. Geode Capital Management LLC lifted its position in Realty Income by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock worth $1,445,036,000 after acquiring an additional 242,786 shares during the period. Legal & General Group Plc raised its stake in shares of Realty Income by 4.5% during the second quarter. Legal & General Group Plc now owns 12,258,468 shares of the real estate investment trust’s stock worth $647,492,000 after purchasing an additional 531,008 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Realty Income by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 11,682,105 shares of the real estate investment trust’s stock worth $617,043,000 after purchasing an additional 413,865 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Realty Income by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after acquiring an additional 463,286 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O stock opened at $55.14 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market capitalization of $48.26 billion, a price-to-earnings ratio of 52.51, a price-to-earnings-growth ratio of 3.89 and a beta of 0.98. Realty Income Co. has a one year low of $50.65 and a one year high of $64.88. The company has a 50 day moving average price of $59.31 and a 200 day moving average price of $58.30.

Realty Income (NYSE:O) last issued its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the business posted $1.02 earnings per share. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. Sell-side analysts anticipate that Realty Income Co. will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The firm also recently announced a jan 25 dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, January 2nd will be given a dividend of $0.264 per share. This represents a yield of 5.7%. The ex-dividend date of this dividend is Thursday, January 2nd. This is an increase from Realty Income’s previous jan 25 dividend of $0.26. Realty Income’s dividend payout ratio is 300.96%.

Wall Street Analyst Weigh In

O has been the subject of several recent analyst reports. Wedbush assumed coverage on Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 price target for the company. Mizuho downgraded Realty Income from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $64.00 to $60.00 in a research note on Thursday, November 14th. Wells Fargo & Company restated an “equal weight” rating and set a $65.00 target price (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Royal Bank of Canada lowered their target price on Realty Income from $67.00 to $63.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday. They issued a “hold” rating and a $62.00 price target for the company. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $63.54.

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.