Metis Global Partners LLC Purchases 51,947 Shares of Realty Income Corporation $O

Metis Global Partners LLC increased its position in Realty Income Corporation (NYSE:O) by 28.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 234,151 shares of the real estate investment trust’s stock after purchasing 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 large investors also recently added to or reduced their stakes in the business. Assetmark Inc. grew its position in shares of Realty Income by 4.2% during the 3rd quarter. Assetmark Inc. now owns 84,363 shares of the real estate investment trust’s stock worth $5,128,000 after buying an additional 3,364 shares during the period. Public Sector Pension Investment Board boosted its stake in Realty Income by 6.1% in the third quarter. Public Sector Pension Investment Board now owns 197,130 shares of the real estate investment trust’s stock valued at $11,984,000 after acquiring an additional 11,294 shares during the last quarter. ICW Investment Advisors LLC raised its position in shares of Realty Income by 5.5% during the 3rd quarter. ICW Investment Advisors LLC now owns 35,241 shares of the real estate investment trust’s stock valued at $2,142,000 after acquiring an additional 1,824 shares during the last quarter. Wedbush Securities Inc. raised its position in shares of Realty Income by 46.5% during the 3rd quarter. Wedbush Securities Inc. now owns 46,031 shares of the real estate investment trust’s stock valued at $2,798,000 after acquiring an additional 14,603 shares during the last quarter. Finally, Varma Mutual Pension Insurance Co lifted its stake in shares of Realty Income by 8.6% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 225,818 shares of the real estate investment trust’s stock valued at $13,727,000 after purchasing an additional 17,900 shares during the period. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on O. Barclays upped their price objective on Realty Income from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Wednesday, December 3rd. JPMorgan Chase & Co. restated an “underweight” rating and set a $61.00 target price on shares of Realty Income in a research report on Thursday, December 18th. Morgan Stanley increased their price target on shares of Realty Income from $62.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 24th. Wells Fargo & Company boosted their price objective on shares of Realty Income from $59.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Finally, Mizuho lowered their target price 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. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $63.21.

Realty Income Price Performance

Shares of O opened at $64.81 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.53 and a current ratio of 1.53. The stock has a 50 day simple moving average of $59.28 and a 200 day simple moving average of $58.72. Realty Income Corporation has a 52-week low of $50.71 and a 52-week high of $66.28. 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 Announces Dividend

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

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.