Realty Income Co. (NYSE:O) Sees Large Decrease in Short Interest

Realty Income Co. (NYSE:O) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totalling 16,320,000 shares, a decline of 15.4% from the September 30th total of 19,280,000 shares. Based on an average daily trading volume, of 4,630,000 shares, the days-to-cover ratio is presently 3.5 days.

Insiders Place Their Bets

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $62.58, for a total value of $107,136.96. Following the transaction, the director now owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $60.77, for a total transaction of $303,850.00. Following the sale, the director now owns 5,257 shares in the company, valued at $319,467.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total value of $107,136.96. Following the completion of the transaction, the director now owns 26,579 shares of the company’s stock, valued at approximately $1,663,313.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Realty Income

Institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Realty Income by 24.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 129,096 shares of the real estate investment trust’s stock valued at $6,984,000 after buying an additional 25,743 shares during the last quarter. Miracle Mile Advisors LLC lifted its holdings in shares of Realty Income by 2.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 20,257 shares of the real estate investment trust’s stock valued at $1,096,000 after buying an additional 531 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Realty Income by 0.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 40,067 shares of the real estate investment trust’s stock valued at $2,168,000 after buying an additional 255 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of Realty Income by 3.7% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 93,074 shares of the real estate investment trust’s stock valued at $5,035,000 after buying an additional 3,305 shares during the last quarter. Finally, Applied Capital LLC FL lifted its holdings in shares of Realty Income by 13.8% during the 1st quarter. Applied Capital LLC FL now owns 19,524 shares of the real estate investment trust’s stock valued at $1,056,000 after buying an additional 2,369 shares during the last quarter. 70.81% of the stock is currently owned by institutional investors and hedge funds.

Realty Income Price Performance

NYSE:O traded up $0.63 during mid-day trading on Monday, reaching $61.94. 435,728 shares of the stock were exchanged, compared to its average volume of 5,648,587. The business has a fifty day moving average price of $62.35 and a 200 day moving average price of $57.47. The firm has a market capitalization of $53.94 billion, a PE ratio of 56.77, a PEG ratio of 4.43 and a beta of 0.99. Realty Income has a 1-year low of $45.03 and a 1-year high of $64.88. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.66.

Realty Income (NYSE:O) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.07). Realty Income had a net margin of 17.89% and a return on equity of 2.36%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business earned $1.00 EPS. The company’s revenue for the quarter was up 31.4% compared to the same quarter last year. Research analysts expect that Realty Income will post 4.2 earnings per share for the current fiscal year.

Realty Income Dividend Announcement

The firm also recently disclosed a nov 24 dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.2635 per share. The ex-dividend date is Friday, November 1st. This represents a yield of 5.1%. Realty Income’s payout ratio is presently 292.59%.

Wall Street Analyst Weigh In

O has been the topic of several research analyst reports. Wedbush initiated coverage on Realty Income in a research note on Monday, August 19th. They set a “neutral” rating and a $64.00 price objective on the stock. UBS Group raised their target price on Realty Income from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Royal Bank of Canada raised their target price on Realty Income from $58.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Robert W. Baird raised their target price on Realty Income from $57.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, August 6th. Finally, Scotiabank raised their target price on Realty Income from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Tuesday, September 17th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $63.94.

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.