Realty Income Corporation $O Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC boosted its holdings in Realty Income Corporation (NYSE:O) by 24.9% in the second quarter, HoldingsChannel reports. The firm owned 182,204 shares of the real estate investment trust’s stock after purchasing 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.

Other hedge funds have also recently bought and sold shares of the company. Marco Investment Management LLC raised its position in shares of Realty Income by 0.6% in the 2nd quarter. Marco Investment Management LLC now owns 62,751 shares of the real estate investment trust’s stock valued at $3,615,000 after purchasing an additional 401 shares in the last quarter. Wedbush Securities Inc. grew its position in shares of Realty Income by 38.6% during the second quarter. Wedbush Securities Inc. now owns 31,428 shares of the real estate investment trust’s stock worth $1,811,000 after buying an additional 8,756 shares in the last quarter. Harvest Portfolios Group Inc. increased its stake in shares of Realty Income by 17.3% in the second quarter. Harvest Portfolios Group Inc. now owns 33,544 shares of the real estate investment trust’s stock worth $1,932,000 after buying an additional 4,942 shares during the last quarter. ETF Store Inc. raised its holdings in Realty Income by 15.5% in the second quarter. ETF Store Inc. now owns 6,868 shares of the real estate investment trust’s stock valued at $396,000 after acquiring an additional 923 shares in the last quarter. Finally, Savant Capital LLC raised its holdings in Realty Income by 29.4% in the second quarter. Savant Capital LLC now owns 24,210 shares of the real estate investment trust’s stock valued at $1,395,000 after acquiring an additional 5,505 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 11,000 shares of the business’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $60.43, for a total transaction of $664,730.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group raised their price objective on shares of Realty Income from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, August 15th. Royal Bank Of Canada increased their price target on shares of Realty Income from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday. Evercore ISI began coverage on Realty Income in a research note on Wednesday, October 1st. They issued an “in-line” rating and a $62.00 price target for the company. Cantor Fitzgerald cut their price objective on Realty Income from $64.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Realty Income has an average rating of “Hold” and an average target price of $62.33.

Realty Income Trading Up 0.9%

NYSE:O opened at $56.83 on Friday. The firm has a market capitalization of $51.96 billion, a P/E ratio of 55.17, a P/E/G ratio of 4.46 and a beta of 0.77. The business has a 50 day simple moving average of $59.21 and a 200 day simple moving average of $57.88. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.85 and a quick ratio of 1.85. Realty Income Corporation has a 12-month low of $50.71 and a 12-month high of $61.08.

Realty Income (NYSE:O) last issued its earnings results on Monday, November 3rd. The real estate investment trust reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. The firm had revenue of $1.39 billion for 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 for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the company earned $1.05 earnings per share. Realty Income has set its FY 2025 guidance at 4.250-4.270 EPS. Equities research analysts predict that Realty Income Corporation will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The company also recently disclosed 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. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, October 31st. Realty Income’s dividend payout ratio (DPR) is 299.07%.

Realty Income 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.