Fifth Third Wealth Advisors LLC Raises Stake in Realty Income Co. (NYSE:O)

Fifth Third Wealth Advisors LLC grew its holdings in Realty Income Co. (NYSE:O) by 24.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,384 shares of the real estate investment trust’s stock after acquiring an additional 2,817 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Realty Income were worth $768,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Rosenberg Matthew Hamilton increased its position 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 acquiring an additional 211 shares during the period. Creative Capital Management Investments LLC grew 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 during the last quarter. ST Germain D J Co. Inc. grew its stake 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 valued at $40,000 after purchasing an additional 567 shares during the last quarter. Pacifica Partners Inc. increased its holdings in shares of Realty Income by 89.2% in the third quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 437 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in shares of Realty Income by 313.5% during the third 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 last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

Shares of O stock opened at $54.58 on Friday. The stock has a fifty day moving average price of $55.01 and a 200 day moving average price of $58.34. 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 cap of $47.77 billion, a PE ratio of 51.98, a P/E/G ratio of 1.85 and a beta of 1.00. Realty Income Co. has a 1 year low of $50.65 and a 1 year high of $64.88.

Realty Income (NYSE:O) last released 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 firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The company’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same period last year, the firm earned $1.02 EPS. Sell-side analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently declared a feb 25 dividend, which will be paid on Friday, February 14th. Stockholders of record on Monday, February 3rd will be given a $0.264 dividend. The ex-dividend date of this dividend is Monday, February 3rd. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio is presently 300.95%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays began coverage on shares of Realty Income in a research report on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 price objective on the stock. Scotiabank dropped their price target on shares of Realty Income from $61.00 to $59.00 and set a “sector perform” rating on the stock in a research note on Thursday. Wells Fargo & Company reissued an “equal weight” rating and set a $65.00 price target (up from $62.00) on shares of Realty Income in a report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Realty Income in a report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 price objective on the stock. Finally, Stifel Nicolaus cut their target price on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Twelve 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 company has an average rating of “Hold” and a consensus target price of $62.12.

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.