Metis Global Partners LLC Boosts Stock Position in Realty Income Co. (NYSE:O)

Metis Global Partners LLC increased its stake in shares of Realty Income Co. (NYSE:O) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in O. Baystate Wealth Management LLC raised its position in shares of Realty Income by 62.7% during the 4th quarter. Baystate Wealth Management LLC now owns 493 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 190 shares during the period. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Realty Income by 24.9% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,043 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 208 shares during the last quarter. Bank of New Hampshire grew its holdings in shares of Realty Income by 23.3% during the 4th quarter. Bank of New Hampshire now owns 1,100 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 208 shares during the period. Caprock Group LLC increased its position in shares of Realty Income by 3.4% during the 4th quarter. Caprock Group LLC now owns 6,964 shares of the real estate investment trust’s stock worth $402,000 after purchasing an additional 231 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT raised its holdings in Realty Income by 0.8% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 29,877 shares of the real estate investment trust’s stock valued at $1,716,000 after buying an additional 236 shares during the period. Institutional investors and hedge funds own 70.81% of the company’s stock.

Realty Income Stock Up 0.6 %

O traded up $0.35 on Friday, hitting $55.26. 9,076,566 shares of the company were exchanged, compared to its average volume of 5,836,093. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.64. The company has a market cap of $47.59 billion, a price-to-earnings ratio of 43.86, a price-to-earnings-growth ratio of 5.73 and a beta of 0.92. The firm has a 50-day moving average price of $52.83 and a two-hundred day moving average price of $53.65. Realty Income Co. has a twelve month low of $45.03 and a twelve month high of $64.18.

Realty Income (NYSE:O) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.72). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.02 billion. Realty Income had a return on equity of 4.06% and a net margin of 21.39%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 earnings per share. On average, equities analysts predict that Realty Income Co. will post 4.16 earnings per share for the current year.

Realty Income Dividend Announcement

The company also recently disclosed a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be given a dividend of $0.257 per share. The ex-dividend date is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s dividend payout ratio (DPR) is currently 244.45%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Stifel Nicolaus lowered their price objective on shares of Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Royal Bank of Canada lifted their target price on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Mizuho decreased their price target on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, BMO Capital Markets initiated coverage on Realty Income in a research note on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and a consensus target price of $60.96.

Insider Buying and Selling

In other news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the transaction, 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 legal filing with the SEC, which is available at this hyperlink. 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.