Thurston Springer Miller Herd & Titak Inc. Has $2.07 Million Position in Realty Income Corporation $O

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its position in Realty Income Corporation by 18.2%, owning 35,918 shares worth approximately $2.07 million.
• Realty Income announced a monthly dividend of $0.2695 to be paid on October 15th, reflecting an increase from the previous monthly dividend of $0.27.
• Realty Income's quarterly earnings report showed $1.05 EPS, slightly missing analyst expectations but reflecting a 5.3% revenue increase year-over-year.

Thurston Springer Miller Herd & Titak Inc. increased its position in Realty Income Corporation (NYSE:O - Free Report) by 18.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,918 shares of the real estate investment trust's stock after buying an additional 5,519 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Realty Income were worth $2,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC acquired a new stake in Realty Income during the 1st quarter valued at approximately $207,573,000. Vanguard Group Inc. lifted its holdings in shares of Realty Income by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 142,511,359 shares of the real estate investment trust's stock worth $8,267,084,000 after purchasing an additional 3,274,853 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings in shares of Realty Income by 27.0% in the 1st quarter. Centersquare Investment Management LLC now owns 4,971,123 shares of the real estate investment trust's stock worth $288,375,000 after purchasing an additional 1,055,840 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Realty Income by 9.6% during the 1st quarter. Raymond James Financial Inc. now owns 11,356,883 shares of the real estate investment trust's stock valued at $658,813,000 after acquiring an additional 992,303 shares in the last quarter. Finally, Adelante Capital Management LLC lifted its stake in Realty Income by 1,380.2% during the 1st quarter. Adelante Capital Management LLC now owns 860,671 shares of the real estate investment trust's stock valued at $49,928,000 after acquiring an additional 802,526 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

Realty Income Stock Performance

Shares of O stock opened at $60.43 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $55.25 billion, a price-to-earnings ratio of 58.67, a PEG ratio of 4.60 and a beta of 0.77. The stock has a fifty day moving average of $57.92 and a 200 day moving average of $57.08. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $64.88.

Realty Income (NYSE:O - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The firm had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same period in the prior year, the business posted $1.07 EPS. The business's quarterly revenue was up 5.3% compared to the same quarter last year. As a group, research analysts expect that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be given a $0.2695 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This is a positive change from Realty Income's previous monthly dividend of $0.27. This represents a c) annualized dividend and a yield of 5.4%. Realty Income's payout ratio is 313.59%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on O. Scotiabank raised their price objective 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. Mizuho lifted their target price on Realty Income from $60.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday. UBS Group lifted their price objective on Realty Income from $62.00 to $66.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Barclays lifted their price objective on Realty Income from $58.00 to $59.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 20th. Finally, Wolfe Research cut Realty Income from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $62.36.

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.

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