Metis Global Partners LLC Raises Stock Holdings in Realty Income Co. (NYSE:O)

Metis Global Partners LLC lifted its stake in Realty Income Co. (NYSE:O) by 7.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,162 shares of the real estate investment trust’s stock after buying an additional 6,199 shares during the quarter. Metis Global Partners LLC’s holdings in Realty Income were worth $5,177,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in O. Robeco Institutional Asset Management B.V. raised its stake in Realty Income by 8.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 115,957 shares of the real estate investment trust’s stock valued at $5,791,000 after purchasing an additional 9,207 shares during the period. FinTrust Capital Advisors LLC raised its position in shares of Realty Income by 302.1% during the third quarter. FinTrust Capital Advisors LLC now owns 571 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 429 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Realty Income by 2.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 362,393 shares of the real estate investment trust’s stock worth $18,098,000 after buying an additional 8,255 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Realty Income by 2.6% during the third quarter. Bank of New York Mellon Corp now owns 5,435,062 shares of the real estate investment trust’s stock worth $271,427,000 after acquiring an additional 135,249 shares during the last quarter. Finally, Signet Financial Management LLC purchased a new position in Realty Income during the third quarter valued at $263,000. 70.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

O has been the subject of several research reports. Mizuho dropped their price objective on shares of Realty Income from $60.00 to $56.00 and set a “buy” rating for the company in a report on Thursday, March 7th. StockNews.com raised Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Royal Bank of Canada upped their price objective on Realty Income from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, January 11th. Stifel Nicolaus cut their target price on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Finally, BMO Capital Markets started coverage on shares of Realty Income in a research note on Tuesday, February 13th. They set a “market perform” rating and a $57.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Realty Income currently has an average rating of “Hold” and an average target price of $60.96.

Realty Income Trading Up 0.6 %

Shares of Realty Income stock traded up $0.35 during trading on Friday, hitting $55.26. The stock had a trading volume of 9,076,566 shares, compared to its average volume of 5,836,093. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. The firm’s fifty day simple moving average is $52.83 and its 200-day simple moving average is $53.65. The stock has a market cap of $47.59 billion, a PE ratio of 43.86, a PEG ratio of 5.73 and a beta of 0.92.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.72). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.00 EPS. As a group, sell-side analysts expect that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Announces Dividend

The firm also recently announced a may 24 dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be paid a $0.257 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a yield of 5.9%. Realty Income’s payout ratio is 244.45%.

Insider Transactions at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $54.23, for a total value of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares of the company’s stock, valued at approximately $339,317.11. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

About Realty Income

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.