Fifth Third Bancorp Purchases 4,929 Shares of Realty Income Co. (NYSE:O)

Fifth Third Bancorp boosted its position in Realty Income Co. (NYSE:OFree Report) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,504 shares of the real estate investment trust’s stock after acquiring an additional 4,929 shares during the quarter. Fifth Third Bancorp’s holdings in Realty Income were worth $2,957,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Cohen Investment Advisors LLC increased its stake in Realty Income by 449.1% in the fourth quarter. Cohen Investment Advisors LLC now owns 35,391 shares of the real estate investment trust’s stock valued at $2,032,000 after acquiring an additional 28,946 shares during the last quarter. Realta Investment Advisors increased its stake in Realty Income by 17.6% in the fourth quarter. Realta Investment Advisors now owns 15,921 shares of the real estate investment trust’s stock valued at $914,000 after acquiring an additional 2,382 shares during the last quarter. Griffin Asset Management Inc. increased its stake in Realty Income by 16.5% in the fourth quarter. Griffin Asset Management Inc. now owns 23,670 shares of the real estate investment trust’s stock valued at $1,359,000 after acquiring an additional 3,352 shares during the last quarter. Quent Capital LLC increased its stake in Realty Income by 54.1% in the fourth quarter. Quent Capital LLC now owns 1,040 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 365 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Realty Income by 1.8% in the fourth quarter. State of Alaska Department of Revenue now owns 449,082 shares of the real estate investment trust’s stock valued at $25,783,000 after acquiring an additional 7,927 shares during the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Stock Performance

Realty Income stock opened at $52.87 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average of $53.02 and a 200-day moving average of $53.28. The firm has a market cap of $45.53 billion, a P/E ratio of 41.96, a P/E/G ratio of 5.62 and a beta of 0.92. Realty Income Co. has a 1-year low of $45.03 and a 1-year high of $64.18.

Realty Income (NYSE:OGet Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the business earned $1.00 earnings per share. The business’s quarterly revenue was up 21.1% on a year-over-year basis. Sell-side analysts expect that Realty Income Co. will post 4.16 EPS for the current year.

Realty Income Increases Dividend

The business also recently disclosed a mar 24 dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be issued a $0.257 dividend. The ex-dividend date is Friday, March 29th. This is a positive change from Realty Income’s previous mar 24 dividend of $0.26. This represents a yield of 6%. Realty Income’s dividend payout ratio (DPR) is 244.45%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on O. Wolfe Research raised Realty Income from a “peer perform” rating to an “outperform” rating and set a $66.00 target price on the stock in a research note on Wednesday, December 6th. BMO Capital Markets began coverage on shares of Realty Income in a research report on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target for the company. StockNews.com upgraded shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Royal Bank of Canada upped their price target on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, January 11th. Finally, Stifel Nicolaus cut their price target on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.96.

Read Our Latest Stock Report on O

Realty Income Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Realty Income (NYSE:O)

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