Thurston Springer Miller Herd & Titak Inc. Sells 33,353 Shares of Realty Income Corporation $O

Thurston Springer Miller Herd & Titak Inc. lessened its stake in Realty Income Corporation (NYSE:O) by 92.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,565 shares of the real estate investment trust’s stock after selling 33,353 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Realty Income were worth $156,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in O. Compagnie Lombard Odier SCmA purchased a new stake in Realty Income during the second quarter valued at about $25,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Realty Income during the 3rd quarter valued at about $29,000. Avion Wealth lifted its position in Realty Income by 142.4% in the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 309 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in Realty Income in the second quarter worth approximately $31,000. Finally, Country Trust Bank grew its position in Realty Income by 806.5% during the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Insiders Place Their Bets

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

Realty Income Stock Performance

Realty Income stock opened at $57.46 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.72. The firm has a market cap of $52.86 billion, a P/E ratio of 53.20, a P/E/G ratio of 3.64 and a beta of 0.80. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $61.08. The firm has a 50-day moving average of $57.91 and a 200-day moving average of $58.04.

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

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from Realty Income’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a yield of 5.6%. Realty Income’s payout ratio is 299.07%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Cantor Fitzgerald cut their price objective on shares of Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Wall Street Zen raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Sunday. Evercore ISI assumed coverage on Realty Income in a research note on Wednesday, October 1st. They set an “in-line” rating and a $62.00 price objective on the stock. Royal Bank Of Canada boosted their target price on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Finally, Mizuho reduced their price target on Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $62.00.

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.