Thurston Springer Miller Herd & Titak Inc. Purchases 1,800 Shares of Realty Income Co. (NYSE:O)

Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Realty Income Co. (NYSE:O) by 9.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,369 shares of the real estate investment trust’s stock after acquiring an additional 1,800 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Realty Income were worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in O. Vima LLC bought a new position in shares of Realty Income during the fourth quarter valued at approximately $25,000. Pacifica Partners Inc. lifted its holdings in shares of Realty Income by 444.4% during the second quarter. Pacifica Partners Inc. now owns 490 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 400 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in Realty Income in the 1st quarter worth about $27,000. Bell Investment Advisors Inc grew its stake in shares of Realty Income by 69.6% in the first quarter. Bell Investment Advisors Inc now owns 529 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 217 shares during the period. Finally, Able Wealth Management LLC purchased a new position in shares of Realty Income during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Realty Income Price Performance

Shares of O opened at $61.70 on Monday. The business’s 50-day moving average is $61.67 and its two-hundred day moving average is $56.75. The company has a market capitalization of $53.73 billion, a P/E ratio of 57.18, a P/E/G ratio of 4.30 and a beta of 0.99. Realty Income Co. has a fifty-two week low of $45.03 and a fifty-two week high of $63.60. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.39 and a current ratio of 1.39.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The business’s revenue for the quarter was up 31.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 EPS. Research analysts predict that Realty Income Co. will post 4.2 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.2635 dividend. The ex-dividend date is Friday, November 1st. This represents a yield of 5.1%. Realty Income’s payout ratio is 292.59%.

Insiders Place Their Bets

In other news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the transaction, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $60.77, for a total value of $303,850.00. Following the transaction, the director now owns 5,257 shares of the company’s stock, valued at $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on O. UBS Group boosted their price target on Realty Income from $61.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Scotiabank upped their price target on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 17th. Stifel Nicolaus upped their price objective on Realty Income from $67.50 to $70.25 and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Wedbush assumed coverage on shares of Realty Income in a report on Monday, August 19th. They issued a “neutral” rating and a $64.00 target price on the stock. Finally, Robert W. Baird increased their target price on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, August 6th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Realty Income currently has an average rating of “Hold” and an average target price of $63.63.

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.