Generali Asset Management SPA SGR Acquires New Stake in Realty Income Co. (NYSE:O)

Generali Asset Management SPA SGR bought a new position in shares of Realty Income Co. (NYSE:O) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 11,478 shares of the real estate investment trust’s stock, valued at approximately $613,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Realty Income during the fourth quarter worth $553,572,000. Trust Co. of Vermont grew its stake in Realty Income by 12.7% during the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust’s stock worth $13,540,000 after purchasing an additional 28,480 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Realty Income by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust’s stock worth $617,028,000 after purchasing an additional 463,286 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Realty Income by 27.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust’s stock valued at $40,656,000 after purchasing an additional 166,178 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Realty Income by 6.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 1,782,196 shares of the real estate investment trust’s stock valued at $93,850,000 after buying an additional 101,184 shares during the period. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

Realty Income Stock Performance

Shares of Realty Income stock opened at $56.45 on Friday. The stock 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. The firm’s fifty day simple moving average is $55.44 and its 200-day simple moving average is $57.58. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. Realty Income Co. has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income (NYSE:O) last announced its earnings results 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). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. As a group, equities analysts forecast that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on O shares. Barclays raised their target price on shares of Realty Income from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, March 4th. BNP Paribas lowered shares of 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. Royal Bank of Canada lowered their target price on shares of Realty Income from $62.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Mizuho cut their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus lowered their price objective 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. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.