11,478 Shares in Realty Income Co. (NYSE:O) Bought by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR acquired a new stake in shares of Realty Income Co. (NYSE:O - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,478 shares of the real estate investment trust's stock, valued at approximately $613,000.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Realty Income during the fourth quarter worth about $553,572,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted 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 during the period. Janus Henderson Group PLC grew its position in Realty Income by 3,150.5% in the third quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust's stock valued at $175,142,000 after acquiring an additional 2,675,266 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Realty Income by 102.1% during the third quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust's stock valued at $137,502,000 after purchasing an additional 1,107,493 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Realty Income by 5.0% during the third 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 in the last quarter. Institutional investors and hedge funds own 70.81% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on O. Stifel Nicolaus lowered their price target on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Realty Income in a research note on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price target on the stock. BNP Paribas lowered Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price objective for the company. in a research note on Tuesday, February 25th. Barclays increased their target price on Realty Income from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 4th. Finally, Royal Bank of Canada dropped their price target 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. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $62.04.

Realty Income Stock Performance

O stock traded up $0.52 during midday trading on Monday, reaching $56.32. The company had a trading volume of 4,696,584 shares, compared to its average volume of 4,993,660. The firm has a market capitalization of $50.21 billion, a PE ratio of 53.63, a P/E/G ratio of 2.10 and a beta of 1.00. The stock has a 50 day moving average price of $55.52 and a 200 day moving average price of $57.47. Realty Income Co. has a fifty-two week low of $50.65 and a fifty-two week high of $64.88. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68.

Realty Income (NYSE:O - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The real estate investment trust reported $1.05 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.01). The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. Analysts anticipate that Realty Income Co. will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The firm also recently declared a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.2685 per share. This represents a dividend yield of 5.7%. This is a positive change 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 328.57%.

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.