Thrivent Financial for Lutherans Boosts Stake in Realty Income Corporation $O

Thrivent Financial for Lutherans increased its stake in Realty Income Corporation (NYSE:O) by 30.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 202,906 shares of the real estate investment trust’s stock after acquiring an additional 47,328 shares during the period. Thrivent Financial for Lutherans’ holdings in Realty Income were worth $11,633,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Realty Income by 2.5% during the second quarter. Vanguard Group Inc. now owns 146,136,211 shares of the real estate investment trust’s stock worth $8,418,907,000 after purchasing an additional 3,624,852 shares during the last quarter. State Street Corp increased its position in shares of Realty Income by 1.1% during the 2nd quarter. State Street Corp now owns 61,732,956 shares of the real estate investment trust’s stock valued at $3,556,436,000 after purchasing an additional 676,697 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Realty Income by 8.3% during the 2nd quarter. Geode Capital Management LLC now owns 26,979,134 shares of the real estate investment trust’s stock valued at $1,548,687,000 after buying an additional 2,058,031 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Realty Income by 5.8% during the 2nd quarter. Raymond James Financial Inc. now owns 12,011,841 shares of the real estate investment trust’s stock valued at $692,002,000 after buying an additional 654,958 shares in the last quarter. Finally, Norges Bank purchased a new stake in Realty Income in the second quarter worth approximately $676,500,000. Institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

O has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Sunday. Mizuho reduced their target price on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday. Royal Bank Of Canada boosted their price target on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of Realty Income in a research report on Monday. Finally, Barclays lifted their price objective on Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 3rd. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $62.00.

Insider Transactions at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of the transaction, the director owned 19,211 shares of the company’s stock, valued at $1,160,920.73. This represents a 36.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Realty Income Trading Up 0.6%

NYSE:O opened at $57.77 on Thursday. The company has a fifty day moving average of $57.88 and a 200 day moving average of $58.04. Realty Income Corporation has a 52 week low of $50.71 and a 52 week high of $61.08. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $53.14 billion, a P/E ratio of 53.49, a P/E/G ratio of 3.60 and a beta of 0.80.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. Realty Income had a net margin of 17.17% and a return on equity of 2.45%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm earned $1.05 EPS. The company’s revenue was up 10.5% on a year-over-year basis. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, research analysts predict that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently announced 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 boost from Realty Income’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a dividend yield of 5.6%. Realty Income’s payout ratio is 299.07%.

Realty Income 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.