Metis Global Partners LLC Boosts Stock Holdings in Realty Income Corporation $O

Metis Global Partners LLC raised its stake in Realty Income Corporation (NYSE:O) by 24.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 182,204 shares of the real estate investment trust’s stock after acquiring an additional 36,361 shares during the period. Metis Global Partners LLC’s holdings in Realty Income were worth $10,497,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in O. Moseley Investment Management Inc. raised its position in Realty Income by 1.3% in the second quarter. Moseley Investment Management Inc. now owns 13,565 shares of the real estate investment trust’s stock valued at $781,000 after purchasing an additional 175 shares during the period. Castle Rock Wealth Management LLC increased its position in shares of Realty Income by 0.6% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 27,421 shares of the real estate investment trust’s stock worth $1,552,000 after purchasing an additional 177 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in Realty Income by 10.7% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,833 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 177 shares during the period. Revisor Wealth Management LLC lifted its position in Realty Income by 2.3% in the second quarter. Revisor Wealth Management LLC now owns 7,935 shares of the real estate investment trust’s stock valued at $454,000 after buying an additional 178 shares during the last quarter. Finally, Pure Financial Advisors LLC boosted its stake in Realty Income by 3.5% during the second quarter. Pure Financial Advisors LLC now owns 5,519 shares of the real estate investment trust’s stock worth $318,000 after buying an additional 185 shares during the period. Institutional investors own 70.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on O shares. Weiss Ratings reissued a “hold (c)” rating on shares of Realty Income in a research note on Wednesday, October 8th. Evercore ISI initiated coverage on shares of Realty Income in a report on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 target price for the company. Royal Bank Of Canada boosted their target price on Realty Income from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Tuesday. Mizuho raised their price target on Realty Income from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Finally, Cantor Fitzgerald dropped their price objective on Realty Income from $64.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Realty Income has a consensus rating of “Hold” and a consensus target price of $62.33.

Insider Buying and Selling

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of Realty Income stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the transaction, the director directly owned 19,211 shares of the company’s stock, valued at $1,160,920.73. The trade was a 36.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Realty Income Trading Up 0.9%

Shares of O opened at $56.83 on Friday. Realty Income Corporation has a twelve month low of $50.71 and a twelve month high of $61.08. The firm has a market capitalization of $51.96 billion, a P/E ratio of 55.17, a price-to-earnings-growth ratio of 4.46 and a beta of 0.77. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $59.21 and its 200 day simple moving average is $57.88.

Realty Income (NYSE:O) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.35 billion. Realty Income had a return on equity of 2.34% and a net margin of 16.77%.The firm’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. On average, equities research analysts forecast that Realty Income Corporation will post 4.19 earnings per share for the current year.

Realty Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a $0.2695 dividend. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a yield of 5.7%. Realty Income’s dividend payout ratio (DPR) is presently 299.07%.

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.