Thurston Springer Miller Herd & Titak Inc. Purchases 7,117 Shares of Realty Income Co. (NYSE:O)

Thurston Springer Miller Herd & Titak Inc. grew its position in Realty Income Co. (NYSE:O - Free Report) by 30.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,399 shares of the real estate investment trust's stock after purchasing an additional 7,117 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Realty Income were worth $1,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Lee Danner & Bass Inc. purchased a new position in Realty Income in the 4th quarter worth approximately $28,000. Hopwood Financial Services Inc. bought a new stake in shares of Realty Income during the fourth quarter valued at approximately $29,000. Sierra Ocean LLC purchased a new position in shares of Realty Income in the fourth quarter worth $32,000. Millstone Evans Group LLC bought a new position in shares of Realty Income during the fourth quarter worth $34,000. Finally, Fourth Dimension Wealth LLC bought a new position in shares of Realty Income during the fourth quarter worth $34,000. 70.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on O. Royal Bank of Canada decreased their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. Barclays reaffirmed an "overweight" rating on shares of Realty Income in a report on Tuesday, April 22nd. JPMorgan Chase & Co. dropped their price target on Realty Income from $64.00 to $61.00 and set a "neutral" rating for the company in a research note on Monday, May 5th. BNP Paribas cut Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target for the company. in a report on Tuesday, February 25th. Finally, Wedbush restated a "neutral" rating and issued a $61.00 target price on shares of Realty Income in a report on Wednesday, May 7th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $61.15.

Realty Income Trading Up 0.4%

NYSE O traded up $0.21 during trading on Friday, hitting $56.04. The stock had a trading volume of 4,840,276 shares, compared to its average volume of 5,190,880. Realty Income Co. has a one year low of $50.71 and a one year high of $64.88. The stock has a 50 day simple moving average of $56.15 and a 200 day simple moving average of $55.59. The stock has a market capitalization of $50.61 billion, a price-to-earnings ratio of 53.37, a P/E/G ratio of 2.10 and a beta of 0.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.06. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Realty Income's revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 EPS. Sell-side analysts predict that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Dividend Announcement

The business also recently declared a jun 25 dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be paid a $0.2685 dividend. This represents a yield of 5.8%. The ex-dividend date is Monday, June 2nd. Realty Income's dividend payout ratio is presently 292.73%.

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.