Gen Wealth Partners Inc Acquires 625 Shares of Realty Income Co. (NYSE:O)

Gen Wealth Partners Inc lifted its position in Realty Income Co. (NYSE:O) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,718 shares of the real estate investment trust’s stock after buying an additional 625 shares during the quarter. Gen Wealth Partners Inc’s holdings in Realty Income were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Realty Income by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust’s stock valued at $138,937,000 after purchasing an additional 74,185 shares in the last quarter. Nordea Investment Management AB grew its stake in Realty Income by 15.7% during the fourth quarter. Nordea Investment Management AB now owns 73,627 shares of the real estate investment trust’s stock worth $3,919,000 after buying an additional 9,998 shares during the last quarter. ORG Partners LLC increased its holdings in shares of Realty Income by 673.9% during the fourth quarter. ORG Partners LLC now owns 1,842 shares of the real estate investment trust’s stock worth $99,000 after buying an additional 1,604 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Realty Income by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 149,758 shares of the real estate investment trust’s stock valued at $7,999,000 after acquiring an additional 485 shares during the last quarter. Finally, ST Germain D J Co. Inc. boosted its holdings in shares of Realty Income by 306.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 752 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 567 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Performance

NYSE O opened at $56.75 on Friday. The stock has a market cap of $50.61 billion, a PE ratio of 54.05, a P/E/G ratio of 2.10 and a beta of 0.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a 50-day moving average of $56.55 and a 200-day moving average of $55.93. Realty Income Co. has a 52-week low of $50.71 and a 52-week high of $64.88.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the company posted $1.03 EPS. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts anticipate that Realty Income Co. will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently declared a may 25 dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be issued a dividend of $0.2685 per share. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 6%. Realty Income’s dividend payout ratio (DPR) is currently 292.73%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on O. Royal Bank of Canada cut their price objective 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. BNP Paribas downgraded shares of Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 price target on the stock. in a research report on Tuesday, February 25th. Scotiabank lowered their price objective on shares of Realty Income from $59.00 to $57.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Barclays reiterated an “overweight” rating on shares of Realty Income in a research report on Tuesday, April 22nd. Finally, Mizuho lifted their target price on Realty Income from $54.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, April 3rd. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.77.

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.