Fifth Third Wealth Advisors LLC Sells 542 Shares of Realty Income Corporation $O

Fifth Third Wealth Advisors LLC lessened its holdings in shares of Realty Income Corporation (NYSE:O) by 3.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,914 shares of the real estate investment trust’s stock after selling 542 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Realty Income were worth $859,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in O. Norinchukin Bank The boosted its position in shares of Realty Income by 9.7% in the first quarter. Norinchukin Bank The now owns 84,968 shares of the real estate investment trust’s stock valued at $4,929,000 after acquiring an additional 7,497 shares during the period. Trust Co. of Vermont boosted its position in shares of Realty Income by 2.7% in the second quarter. Trust Co. of Vermont now owns 262,700 shares of the real estate investment trust’s stock valued at $15,134,000 after acquiring an additional 6,885 shares during the period. Victory Capital Management Inc. boosted its position in shares of Realty Income by 5.3% in the first quarter. Victory Capital Management Inc. now owns 396,798 shares of the real estate investment trust’s stock valued at $23,018,000 after acquiring an additional 19,965 shares during the period. Community Bank of Raymore boosted its position in shares of Realty Income by 19.7% in the first quarter. Community Bank of Raymore now owns 148,864 shares of the real estate investment trust’s stock valued at $8,636,000 after acquiring an additional 24,467 shares during the period. Finally, Venture Visionary Partners LLC boosted its position in shares of Realty Income by 6.2% in the first quarter. Venture Visionary Partners LLC now owns 142,496 shares of the real estate investment trust’s stock valued at $8,266,000 after acquiring an additional 8,297 shares during the period. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group raised their price objective on shares of Realty Income from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, August 15th. Mizuho raised their price objective on shares of Realty Income from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Cantor Fitzgerald assumed coverage on shares of Realty Income in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $64.00 price objective for the company. Wolfe Research lowered shares of Realty Income from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 14th. Finally, Scotiabank raised their target price on shares of Realty Income from $58.00 to $60.00 and gave the company a “sector perform” rating in a research note on Thursday, August 28th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $62.25.

Insider Activity at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director directly owned 19,211 shares of the company’s stock, valued at approximately $1,160,920.73. This trade represents a 36.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Realty Income Trading Down 0.7%

Shares of O opened at $58.26 on Monday. The firm’s 50 day simple moving average is $58.96 and its 200 day simple moving average is $57.48. The company has a market capitalization of $53.27 billion, a P/E ratio of 56.56, a P/E/G ratio of 4.45 and a beta of 0.78. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a 1-year low of $50.71 and a 1-year high of $64.88.

Realty Income (NYSE:O) last announced its earnings results on Wednesday, August 6th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Realty Income had a net margin of 16.77% and a return on equity of 2.34%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 earnings per share. Sell-side analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 1st will be paid a dividend of $0.2695 per share. This represents a c) annualized dividend and a dividend yield of 5.6%. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, October 1st. Realty Income’s payout ratio is 313.59%.

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.