Thrivent Financial for Lutherans Trims Stock Position in Realty Income Co. (NYSE:O)

Thrivent Financial for Lutherans decreased its holdings in shares of Realty Income Co. (NYSE:O - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 155,492 shares of the real estate investment trust's stock after selling 19,214 shares during the period. Thrivent Financial for Lutherans' holdings in Realty Income were worth $8,330,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Hopwood Financial Services Inc. bought a new stake in Realty Income during the fourth quarter worth $29,000. Sierra Ocean LLC purchased a new position in Realty Income during the 4th quarter worth $32,000. BankPlus Trust Department bought a new stake in shares of Realty Income in the 4th quarter worth $37,000. ST Germain D J Co. Inc. raised its holdings in shares of Realty Income by 306.5% in the fourth quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust's stock valued at $40,000 after purchasing an additional 567 shares during the last quarter. Finally, Luken Investment Analytics LLC bought a new position in shares of Realty Income during the fourth quarter valued at about $40,000. 70.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Barclays upped their price objective on shares of Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a report on Wednesday, December 11th. They issued a "hold" rating and a $62.00 target price for the company. Mizuho dropped their price target on Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. BNP Paribas downgraded Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Finally, Stifel Nicolaus decreased their target price on Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $62.04.

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Realty Income Stock Performance

NYSE O traded down $0.64 during trading on Tuesday, hitting $55.64. 6,716,384 shares of the company's stock traded hands, compared to its average volume of 4,986,044. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The stock has a market capitalization of $49.60 billion, a price-to-earnings ratio of 52.99, a PEG ratio of 2.10 and a beta of 1.00. Realty Income Co. has a 12-month low of $50.65 and a 12-month high of $64.88. The business has a 50 day moving average of $55.65 and a 200-day moving average of $57.38.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings data on Monday, February 24th. 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 return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. As a group, equities research analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The business also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $0.2685 dividend. The ex-dividend date is Tuesday, April 1st. This is a boost from Realty Income's previous apr 25 dividend of $0.27. This represents a dividend yield of 5.7%. Realty Income's payout ratio is 328.57%.

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.