Thurston Springer Miller Herd & Titak Inc. Purchases 2,913 Shares of Realty Income Co. (NYSE:O)

Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Realty Income Co. (NYSE:O) by 14.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 23,282 shares of the real estate investment trust’s stock after purchasing an additional 2,913 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Realty Income were worth $1,243,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. ZWJ Investment Counsel Inc. boosted its holdings in shares of Realty Income by 0.6% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 29,279 shares of the real estate investment trust’s stock worth $1,857,000 after buying an additional 164 shares during the period. Whittier Trust Co. lifted its position in Realty Income by 4.5% during the third quarter. Whittier Trust Co. now owns 3,871 shares of the real estate investment trust’s stock worth $245,000 after acquiring an additional 166 shares during the last quarter. Greenleaf Trust boosted its holdings in shares of Realty Income by 1.0% during the third quarter. Greenleaf Trust now owns 16,911 shares of the real estate investment trust’s stock worth $1,072,000 after acquiring an additional 170 shares during the period. Grove Bank & Trust boosted its holdings in shares of Realty Income by 14.3% during the third quarter. Grove Bank & Trust now owns 1,409 shares of the real estate investment trust’s stock worth $89,000 after acquiring an additional 176 shares during the period. Finally, Buckley Wealth Management LLC grew its position in shares of Realty Income by 1.9% in the third quarter. Buckley Wealth Management LLC now owns 9,450 shares of the real estate investment trust’s stock valued at $599,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of NYSE:O opened at $53.19 on Wednesday. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88. The stock has a market capitalization of $46.55 billion, a price-to-earnings ratio of 50.66, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The company’s 50 day simple moving average is $55.09 and its 200 day simple moving average is $58.37.

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

Realty Income Dividend Announcement

The business also recently announced a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be issued a $0.264 dividend. Realty Income’s dividend payout ratio (DPR) is currently 300.95%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Mizuho reduced their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 target price (up previously from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price target on the stock. Stifel Nicolaus lowered their price target on shares of Realty Income from $70.00 to $66.50 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Barclays began coverage on shares of Realty Income in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 price objective for the company. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.50.

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.