Realty Income Co. (NYSE:O) Short Interest Update

Realty Income Co. (NYSE:O) was the target of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 14,850,000 shares, a drop of 20.7% from the November 30th total of 18,720,000 shares. Based on an average daily trading volume, of 4,860,000 shares, the days-to-cover ratio is presently 3.1 days.

Realty Income Trading Up 0.1 %

NYSE O traded up $0.07 during trading hours on Monday, reaching $52.73. The company’s stock had a trading volume of 5,687,380 shares, compared to its average volume of 5,612,233. Realty Income has a 52 week low of $50.65 and a 52 week high of $64.88. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market cap of $46.15 billion, a P/E ratio of 50.22, a P/E/G ratio of 2.05 and a beta of 0.98. The firm has a fifty day simple moving average of $56.91 and a 200-day simple moving average of $58.39.

Realty Income (NYSE:O) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.75). The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.26 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.02 earnings per share. Equities analysts forecast that Realty Income will post 4.2 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a jan 25 dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.264 per share. The ex-dividend date is Thursday, January 2nd. This is a boost from Realty Income’s previous jan 25 dividend of $0.26. This represents a dividend yield of 5.7%. Realty Income’s dividend payout ratio is 300.95%.

Analyst Upgrades and Downgrades

O has been the subject of several recent research reports. Scotiabank increased their target price on shares of Realty Income from $61.00 to $64.00 and gave the stock a “sector perform” rating in a report on Tuesday, September 17th. Barclays began coverage on shares of Realty Income in a research note on Tuesday, December 17th. They issued an “equal weight” rating and a $59.00 target price for the company. Stifel Nicolaus dropped their price target on shares of Realty Income from $70.50 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Realty Income in a report on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Finally, UBS Group lowered their price objective on Realty Income from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $63.23.

Institutional Trading of Realty Income

Institutional investors have recently bought and sold shares of the company. Rosenberg Matthew Hamilton increased its stake in shares of Realty Income by 75.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 491 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 211 shares in the last quarter. Creative Capital Management Investments LLC boosted its position in shares of Realty Income by 133.3% during the 3rd quarter. Creative Capital Management Investments LLC now owns 525 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 300 shares in the last quarter. Headlands Technologies LLC bought a new stake in Realty Income in the 2nd quarter valued at about $42,000. Pacifica Partners Inc. boosted its holdings in Realty Income by 89.2% in the third quarter. Pacifica Partners Inc. now owns 927 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 437 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of Realty Income by 313.5% during the third quarter. First Horizon Advisors Inc. now owns 947 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 718 shares in the last quarter. Institutional investors own 70.81% of the company’s stock.

Realty Income Company 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.