Generali Asset Management SPA SGR Takes $613,000 Position in Realty Income Co. (NYSE:O)

Generali Asset Management SPA SGR purchased a new position in shares of Realty Income Co. (NYSE:O) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,478 shares of the real estate investment trust’s stock, valued at approximately $613,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Realty Income by 1.1% in the third quarter. Geode Capital Management LLC now owns 22,815,454 shares of the real estate investment trust’s stock valued at $1,445,036,000 after buying an additional 242,786 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Realty Income in the 4th quarter valued at $553,572,000. Charles Schwab Investment Management Inc. grew its stake in Realty Income by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,989,300 shares of the real estate investment trust’s stock valued at $533,529,000 after acquiring an additional 260,071 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Realty Income by 765.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust’s stock worth $478,556,000 after acquiring an additional 6,673,617 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Realty Income by 0.9% during the fourth quarter. Bank of New York Mellon Corp now owns 5,847,484 shares of the real estate investment trust’s stock worth $312,314,000 after acquiring an additional 50,670 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

NYSE:O opened at $56.45 on Friday. The company’s 50-day moving average is $55.44 and its two-hundred day moving average is $57.58. Realty Income Co. has a 1-year low of $50.65 and a 1-year high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market capitalization of $50.33 billion, a price-to-earnings ratio of 53.76, a PEG ratio of 2.10 and a beta of 1.00.

Realty Income (NYSE:O) last released its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.01). The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. Analysts forecast that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Increases Dividend

The firm also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.2685 per share. This represents a dividend yield of 5.7%. This is an increase from Realty Income’s previous apr 25 dividend of $0.27. The ex-dividend date is Tuesday, April 1st. Realty Income’s dividend payout ratio (DPR) is presently 328.57%.

Analysts Set New Price Targets

O has been the subject of a number of research reports. Mizuho cut their target price on shares of Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Scotiabank cut their price objective on Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft started coverage on Realty Income in a research report on Wednesday, December 11th. They issued a “hold” rating and a $62.00 target price on the stock. Royal Bank of Canada dropped their price target on Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Finally, BNP Paribas lowered Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price objective on the stock. in a report on Tuesday, February 25th. Eleven investment 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.com, Realty Income currently has a consensus rating of “Hold” and a consensus price target of $62.04.

Realty Income Company 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.