Metropolitan Life Insurance Co NY Purchases 2,515 Shares of Realty Income Co. (NYSE:O)

Metropolitan Life Insurance Co NY boosted its position in Realty Income Co. (NYSE:O) by 5.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,903 shares of the real estate investment trust’s stock after purchasing an additional 2,515 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Realty Income were worth $2,984,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in O. Great West Life Assurance Co. Can boosted its position in shares of Realty Income by 8.1% in the 2nd quarter. Great West Life Assurance Co. Can now owns 1,200,844 shares of the real estate investment trust’s stock worth $72,032,000 after purchasing an additional 90,315 shares in the last quarter. ProShare Advisors LLC raised its stake in Realty Income by 8.3% during the second quarter. ProShare Advisors LLC now owns 2,874,987 shares of the real estate investment trust’s stock valued at $171,895,000 after buying an additional 220,181 shares during the last quarter. Profund Advisors LLC boosted its holdings in Realty Income by 5.3% in the second quarter. Profund Advisors LLC now owns 10,173 shares of the real estate investment trust’s stock worth $608,000 after acquiring an additional 510 shares in the last quarter. Trust Investment Advisors grew its stake in shares of Realty Income by 2.9% in the second quarter. Trust Investment Advisors now owns 21,177 shares of the real estate investment trust’s stock worth $1,266,000 after acquiring an additional 600 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of Realty Income by 6.7% during the second quarter. Commonwealth Equity Services LLC now owns 380,587 shares of the real estate investment trust’s stock valued at $22,755,000 after acquiring an additional 23,811 shares in the last quarter. Hedge funds and other institutional investors own 78.82% of the company’s stock.

Realty Income Stock Up 0.6 %

Realty Income stock opened at $53.22 on Tuesday. Realty Income Co. has a one year low of $45.03 and a one year high of $68.85. The stock has a fifty day moving average of $50.82 and a 200 day moving average of $56.50. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a market cap of $38.53 billion, a PE ratio of 40.32, a price-to-earnings-growth ratio of 2.66 and a beta of 0.87.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, November 6th. The real estate investment trust reported $0.33 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.67). The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $999.01 million. Realty Income had a net margin of 22.64% and a return on equity of 2.90%. Realty Income’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 EPS. As a group, sell-side analysts predict that Realty Income Co. will post 4 EPS for the current year.

Realty Income Dividend Announcement

The firm also recently declared a dec 23 dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.256 per share. This represents a dividend yield of 6.1%. The ex-dividend date is Thursday, November 30th. Realty Income’s dividend payout ratio is presently 232.58%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on O. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Bank of America downgraded shares of Realty Income from a “buy” rating to a “neutral” rating and reduced their price target for the company from $67.00 to $52.00 in a research report on Tuesday, October 10th. Robert W. Baird reaffirmed a “neutral” rating and issued a $69.00 price objective on shares of Realty Income in a research report on Monday, August 28th. Mizuho cut their target price on Realty Income from $61.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 31st. Finally, Royal Bank of Canada boosted their price target on Realty Income from $56.00 to $57.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $60.90.

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 13,250 real estate properties primarily owned under long-term net lease agreements with commercial clients.