Realty Income Co. (NYSE:O) Short Interest Down 15.4% in October

Realty Income Co. (NYSE:O - Get Free Report) was the target of a large decline in short interest in the month of 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 volume of 4,630,000 shares, the days-to-cover ratio is presently 3.5 days.

Insider Activity at Realty Income

In other Realty Income news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $62.58, for a total transaction of $107,136.96. Following the sale, the director now owns 26,579 shares of the company's stock, valued at $1,663,313.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of Realty Income stock in a transaction 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 of the company's stock, valued at $319,467.89. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary Hogan Preusse sold 1,712 shares of Realty Income 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 sale, the director now directly owns 26,579 shares in the company, valued at $1,663,313.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in O. Vanguard Group Inc. increased its holdings in shares of Realty Income by 18.3% during the 1st quarter. Vanguard Group Inc. now owns 134,768,614 shares of the real estate investment trust's stock worth $7,290,982,000 after purchasing an additional 20,848,560 shares during the period. Raymond James & Associates increased its stake in Realty Income by 92.4% in the third quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust's stock valued at $410,932,000 after acquiring an additional 3,112,560 shares during the period. Canada Pension Plan Investment Board increased its stake in Realty Income by 63.2% in the second quarter. Canada Pension Plan Investment Board now owns 2,610,483 shares of the real estate investment trust's stock valued at $137,886,000 after acquiring an additional 1,010,876 shares during the period. Centersquare Investment Management LLC increased its stake in Realty Income by 14.9% in the first quarter. Centersquare Investment Management LLC now owns 6,824,420 shares of the real estate investment trust's stock valued at $365,379,000 after acquiring an additional 885,852 shares during the period. Finally, Cetera Investment Advisers increased its stake in Realty Income by 410.7% in the first quarter. Cetera Investment Advisers now owns 951,335 shares of the real estate investment trust's stock valued at $51,467,000 after acquiring an additional 765,048 shares during the period. Institutional investors own 70.81% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on O shares. UBS Group boosted their price objective on Realty Income from $70.00 to $72.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $65.00 target price (up from $62.00) on shares of Realty Income in a research report on Tuesday, October 1st. Scotiabank boosted their target price on Realty Income from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research report on Tuesday, September 17th. Wedbush initiated coverage on Realty Income in a research report on Monday, August 19th. They set a "neutral" rating and a $64.00 target price on the stock. Finally, Royal Bank of Canada boosted their target price on Realty Income from $58.00 to $64.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $63.94.

Realty Income Stock Down 0.0 %

Shares of O stock traded down $0.01 on Monday, hitting $61.30. The company's stock had a trading volume of 4,600,825 shares, compared to its average volume of 5,668,587. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.39 and a quick ratio of 1.39. Realty Income has a fifty-two week low of $45.03 and a fifty-two week high of $64.88. The firm's fifty day moving average price is $62.35 and its 200-day moving average price is $57.53. The stock has a market capitalization of $53.38 billion, a price-to-earnings ratio of 56.76, a P/E/G ratio of 4.27 and a beta of 0.99.

Realty Income (NYSE:O - Get Free Report) last released its 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). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.22 billion. Realty Income had a return on equity of 2.36% and a net margin of 17.89%. The firm's revenue was up 31.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. Research analysts anticipate that Realty Income will post 4.2 EPS for the current year.

Realty Income Announces Dividend

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

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.