Fifth Third Bancorp Has $2.52 Million Position in Realty Income Co. (NYSE:O)

Fifth Third Bancorp decreased its holdings in Realty Income Co. (NYSE:O) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,090 shares of the real estate investment trust’s stock after selling 5,221 shares during the quarter. Fifth Third Bancorp’s holdings in Realty Income were worth $2,515,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rosenberg Matthew Hamilton boosted its stake in Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 211 shares in the last quarter. Creative Capital Management Investments LLC boosted its stake in shares of Realty Income by 133.3% in the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 300 shares in the last quarter. ST Germain D J Co. Inc. grew its holdings in shares of Realty Income by 306.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 567 shares during the last quarter. Pacifica Partners Inc. increased its position in shares of Realty Income by 89.2% during the 3rd quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 437 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in Realty Income by 313.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 947 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 718 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. UBS Group dropped their price objective on shares of Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, November 14th. Stifel Nicolaus dropped their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a report on Wednesday, January 8th. Barclays initiated coverage on Realty Income in a report on Tuesday, December 17th. They set an “equal weight” rating and a $59.00 target price on the stock. Mizuho cut their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $65.00 price target (up previously from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $62.04.

Realty Income Price Performance

Shares of O stock opened at $56.03 on Tuesday. The firm’s 50 day moving average price is $54.68 and its two-hundred day moving average price is $58.46. The stock has a market cap of $49.03 billion, a PE ratio of 53.36, a PEG ratio of 1.93 and a beta of 1.00. Realty Income Co. has a 52-week low of $50.65 and a 52-week high of $64.88. 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) last posted 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). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.02 earnings per share. As a group, analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $0.264 dividend. The ex-dividend date is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is 301.91%.

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.