Thurston Springer Miller Herd & Titak Inc. Lowers Position in Realty Income Corporation $O

Thurston Springer Miller Herd & Titak Inc. trimmed its position in shares of Realty Income Corporation (NYSE:O) by 92.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,565 shares of the real estate investment trust’s stock after selling 33,353 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Realty Income were worth $156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in O. State Street Corp increased its position in shares of Realty Income by 1.1% during the 2nd quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock valued at $3,556,436,000 after purchasing an additional 676,697 shares during the last quarter. Norinchukin Bank The grew its position in Realty Income by 9.7% during the first quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust’s stock valued at $4,929,000 after buying an additional 7,497 shares during the period. Trust Co. of Vermont increased its holdings in Realty Income by 2.7% during the second quarter. Trust Co. of Vermont now owns 262,700 shares of the real estate investment trust’s stock worth $15,134,000 after buying an additional 6,885 shares during the last quarter. Venture Visionary Partners LLC increased its holdings in Realty Income by 6.2% during the first quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust’s stock worth $8,266,000 after buying an additional 8,297 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Realty Income by 3.2% in the first quarter. The Manufacturers Life Insurance Company now owns 584,845 shares of the real estate investment trust’s stock worth $33,927,000 after acquiring an additional 18,397 shares during the period. Institutional investors own 70.81% of the company’s stock.

Insider Activity at Realty Income

In other news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total value of $664,730.00. Following the transaction, the director owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Realty Income Stock Performance

Shares of O opened at $57.46 on Wednesday. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $61.08. The stock’s 50-day simple moving average is $57.91 and its 200 day simple moving average is $58.04. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a market capitalization of $52.86 billion, a price-to-earnings ratio of 53.20, a price-to-earnings-growth ratio of 3.64 and a beta of 0.80.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. Realty Income had a return on equity of 2.45% and a net margin of 17.17%.The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the business posted $1.05 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Research analysts forecast that Realty Income Corporation will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.27 per share. This is an increase from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. Realty Income’s dividend payout ratio (DPR) is presently 299.07%.

Analysts Set New Price Targets

O has been the subject of a number of research reports. Barclays increased their target price on shares of Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 3rd. Wall Street Zen upgraded Realty Income from a “sell” rating to a “hold” rating in a research note on Sunday. Wells Fargo & Company raised their target price on Realty Income from $59.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 25th. Scotiabank boosted their target price on Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Finally, Royal Bank Of Canada upped their price target on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.00.

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.