Metis Global Partners LLC Has $14.23 Million Stake in Realty Income Corporation $O

Metis Global Partners LLC grew its position in Realty Income Corporation (NYSE:O) by 28.5% during the third quarter, HoldingsChannel.com reports. The firm owned 234,151 shares of the real estate investment trust’s stock after buying an additional 51,947 shares during the quarter. Metis Global Partners LLC’s holdings in Realty Income were worth $14,234,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Heartwood Wealth Advisors LLC bought a new stake in Realty Income in the 3rd quarter valued at approximately $29,000. Avion Wealth grew its stake in shares of Realty Income by 142.4% during the 2nd quarter. Avion Wealth now owns 526 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 309 shares in the last quarter. Strengthening Families & Communities LLC raised its holdings in shares of Realty Income by 586.1% in the third quarter. Strengthening Families & Communities LLC now owns 494 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 422 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Realty Income in the second quarter worth $31,000. Finally, Country Trust Bank boosted its holdings in Realty Income by 806.5% during the second quarter. Country Trust Bank now owns 562 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 500 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors.

Realty Income Stock Up 0.5%

Realty Income stock opened at $64.81 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.53 and a quick ratio of 1.53. The company’s 50-day moving average is $59.28 and its 200-day moving average is $58.72. The firm has a market capitalization of $59.62 billion, a PE ratio of 60.01, a P/E/G ratio of 3.81 and a beta of 0.79. Realty Income Corporation has a fifty-two week low of $50.71 and a fifty-two week high of $66.28.

Realty Income Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be given a dividend of $0.27 per share. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend is Friday, January 30th. Realty Income’s payout ratio is 300.00%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on O. Scotiabank raised shares of Realty Income from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $60.00 to $67.00 in a research report on Friday, January 30th. Mizuho reduced their price objective on shares of Realty Income from $63.00 to $60.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Wall Street Zen downgraded Realty Income from a “hold” rating to a “sell” rating in a research report on Tuesday, February 3rd. Barclays upped their target price on Realty Income from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 3rd. Finally, Wells Fargo & Company increased their price target on Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Realty Income currently has a consensus rating of “Hold” and a consensus target price of $63.21.

Realty Income Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.