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

Realty Income Co. (NYSE:O - Get Free Report) saw a significant decline in short interest in December. As of December 15th, there was short interest totalling 14,850,000 shares, a decline of 20.7% from the November 30th total of 18,720,000 shares. Based on an average daily volume of 4,860,000 shares, the short-interest ratio is presently 3.1 days.

Analyst Ratings Changes

O has been the topic of several analyst reports. UBS Group cut their price target on shares of Realty Income from $72.00 to $71.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th. Mizuho downgraded Realty Income from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $64.00 to $60.00 in a research note on Thursday, November 14th. Scotiabank raised their price target on Realty Income from $61.00 to $64.00 and gave the company a "sector perform" rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. upped their price objective on shares of Realty Income from $60.00 to $67.00 and gave the company a "neutral" rating in a report on Tuesday, September 3rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Realty Income in a research note on Wednesday, December 11th. They issued a "hold" rating and a $62.00 price target on the stock. Twelve equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $63.23.

Realty Income Trading Down 0.8 %

Shares of O stock traded down $0.41 during trading hours on Friday, hitting $52.66. 5,366,277 shares of the company's stock traded hands, compared to its average volume of 5,611,902. The stock has a market cap of $46.09 billion, a PE ratio of 50.15, a price-to-earnings-growth ratio of 2.05 and a beta of 0.98. The stock's 50 day simple moving average is $57.13 and its 200 day simple moving average is $58.40. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. Realty Income has a 12 month low of $50.65 and a 12 month high of $64.88.

Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.75). Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the company posted $1.02 EPS. The company's quarterly revenue was up 28.1% on a year-over-year basis. On average, sell-side analysts anticipate that Realty Income will post 4.2 EPS for the current year.

Realty Income Increases Dividend

The firm 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 $0.264 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This is a positive change 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 (DPR) is 300.95%.

Institutional Investors Weigh In On Realty Income

Several large investors have recently added to or reduced their stakes in O. Principal Financial Group Inc. boosted its stake in Realty Income by 3.5% during the third quarter. Principal Financial Group Inc. now owns 2,190,739 shares of the real estate investment trust's stock worth $138,937,000 after acquiring an additional 74,185 shares in the last quarter. SMART Wealth LLC boosted its position in shares of Realty Income by 34.5% during the 3rd quarter. SMART Wealth LLC now owns 18,753 shares of the real estate investment trust's stock worth $1,189,000 after purchasing an additional 4,811 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of Realty Income by 2.3% during the 3rd quarter. Retirement Systems of Alabama now owns 690,995 shares of the real estate investment trust's stock worth $43,823,000 after purchasing an additional 15,714 shares in the last quarter. Inspire Trust Co. N.A. grew its stake in shares of Realty Income by 9.9% in the 3rd quarter. Inspire Trust Co. N.A. now owns 22,225 shares of the real estate investment trust's stock valued at $1,410,000 after buying an additional 2,000 shares during the period. Finally, Franklin Resources Inc. increased its position in Realty Income by 4.2% in the 3rd quarter. Franklin Resources Inc. now owns 559,263 shares of the real estate investment trust's stock valued at $34,736,000 after buying an additional 22,614 shares in the last quarter. Institutional investors and hedge funds 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.