Fifth Third Bancorp Lowers Stock Holdings in Realty Income Co. (NYSE:O)

Fifth Third Bancorp trimmed its position in Realty Income Co. (NYSE:O - Free Report) by 10.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,090 shares of the real estate investment trust's stock after selling 5,221 shares during the period. Fifth Third Bancorp's holdings in Realty Income were worth $2,515,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Rosenberg Matthew Hamilton increased 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 worth $31,000 after buying an additional 211 shares in the last quarter. Creative Capital Management Investments LLC grew its position in shares of Realty Income by 133.3% during the third quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 300 shares in the last quarter. ST Germain D J Co. Inc. raised its stake in Realty Income by 306.5% during the 4th 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 period. Pacifica Partners Inc. lifted its holdings in Realty Income by 89.2% in 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. boosted its stake in Realty Income by 313.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 947 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 718 shares during the period. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Down 1.8 %

Shares of NYSE O traded down $1.01 during trading hours on Tuesday, hitting $54.99. 3,692,114 shares of the stock were exchanged, compared to its average volume of 4,891,151. The firm has a fifty day moving average price of $54.66 and a 200-day moving average price of $58.47. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88. The company has a market cap of $48.12 billion, a PE ratio of 52.37, a PEG ratio of 1.93 and a beta of 1.00.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the previous year, the company posted $1.02 EPS. The company's revenue for the quarter was up 28.1% compared to the same quarter last year. On average, sell-side analysts expect that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a feb 25 dividend, which will be paid on Friday, February 14th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.264 per share. This represents a yield of 5.9%. The ex-dividend date is Monday, February 3rd. Realty Income's dividend payout ratio is presently 301.91%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on O. Mizuho cut their price objective on Realty Income from $60.00 to $54.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus lowered 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. UBS Group reduced their price target on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th. Wells Fargo & Company reissued an "equal weight" rating and issued a $65.00 price objective (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a research report on Wednesday, December 11th. They set a "hold" rating and a $62.00 target price on the stock. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $62.04.

About Realty Income

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.