Realty Income Co. (NYSE:O - Get Free Report) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 20,520,000 shares, a growth of 40.5% from the February 13th total of 14,600,000 shares. Based on an average daily volume of 5,360,000 shares, the days-to-cover ratio is currently 3.8 days. Currently, 2.3% of the company's shares are sold short.
Analysts Set New Price Targets
O has been the topic of a number of recent research reports. Stifel Nicolaus reduced their target price on shares of Realty Income from $70.00 to $66.50 and set a "buy" rating on the stock in a research report on Wednesday, January 8th. BNP Paribas downgraded shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 target price on the stock. in a research report on Tuesday, February 25th. Barclays upped their target price on shares of Realty Income from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 4th. Scotiabank reduced their target price on shares of Realty Income from $59.00 to $57.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Finally, Mizuho reduced their target price on shares of Realty Income from $60.00 to $54.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $62.04.
Read Our Latest Stock Report on O
Hedge Funds Weigh In On Realty Income
Institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in Realty Income during the 4th quarter worth approximately $553,572,000. Trust Co. of Vermont raised its stake in Realty Income by 12.7% during the 4th quarter. Trust Co. of Vermont now owns 253,503 shares of the real estate investment trust's stock worth $13,540,000 after acquiring an additional 28,480 shares during the period. Atlanta Consulting Group Advisors LLC bought a new stake in Realty Income during the 3rd quarter worth approximately $896,000. Charles Schwab Investment Management Inc. raised its stake in Realty Income by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,729,229 shares of the real estate investment trust's stock worth $617,028,000 after acquiring an additional 463,286 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Realty Income by 27.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 761,211 shares of the real estate investment trust's stock worth $40,656,000 after acquiring an additional 166,178 shares during the period. Institutional investors own 70.81% of the company's stock.
Realty Income Stock Performance
Shares of NYSE O traded up $0.01 during trading on Thursday, reaching $56.45. 5,075,451 shares of the company traded hands, compared to its average volume of 4,973,452. The firm has a 50 day simple moving average of $55.36 and a 200-day simple moving average of $57.59. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $50.33 billion, a PE ratio of 53.76, a P/E/G ratio of 2.10 and a beta of 1.00. Realty Income has a 52-week low of $50.65 and a 52-week high of $64.88.
Realty Income (NYSE:O - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.01). Realty Income had a return on equity of 2.35% and a net margin of 17.57%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.28 billion. Equities research analysts anticipate that Realty Income will post 4.19 earnings per share for the current year.
Realty Income Increases Dividend
The firm also recently disclosed a apr 25 dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be paid a $0.2685 dividend. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from Realty Income's previous apr 25 dividend of $0.27. Realty Income's dividend payout ratio is 328.57%.
About Realty Income
(
Get Free Report)
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.
See Also
Before you consider Realty Income, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Realty Income wasn't on the list.
While Realty Income currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
