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

Realty Income Co. (NYSE:O - Get Free Report) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 15,430,000 shares, a decline of 16.2% from the October 31st total of 18,410,000 shares. Based on an average daily volume of 4,650,000 shares, the days-to-cover ratio is presently 3.3 days.

Insider Activity at Realty Income

In related news, Director Mary Hogan Preusse sold 1,712 shares of Realty Income stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 26,579 shares in the company, valued at approximately $1,663,313.82. The trade was a 6.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of O. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Realty Income by 765.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,545,815 shares of the real estate investment trust's stock valued at $478,556,000 after buying an additional 6,673,617 shares during the last quarter. Raymond James & Associates raised its stake in shares of Realty Income by 92.4% during the 3rd quarter. Raymond James & Associates now owns 6,479,542 shares of the real estate investment trust's stock worth $410,932,000 after purchasing an additional 3,112,560 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Realty Income by 3,150.5% during the 3rd quarter. Janus Henderson Group PLC now owns 2,760,182 shares of the real estate investment trust's stock worth $175,142,000 after buying an additional 2,675,266 shares during the period. Parnassus Investments LLC grew its holdings in shares of Realty Income by 7.4% in the 3rd quarter. Parnassus Investments LLC now owns 24,448,225 shares of the real estate investment trust's stock valued at $1,550,506,000 after buying an additional 1,676,293 shares during the period. Finally, Bank of Montreal Can grew its stake in Realty Income by 102.1% in the 3rd quarter. Bank of Montreal Can now owns 2,191,962 shares of the real estate investment trust's stock valued at $137,502,000 after buying an additional 1,107,493 shares during the last quarter. 70.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Realty Income from $60.00 to $67.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 3rd. Wells Fargo & Company reiterated an "equal weight" rating and issued a $65.00 price target (up from $62.00) on shares of Realty Income in a research note on Tuesday, October 1st. Mizuho lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $64.00 to $60.00 in a research note on Thursday, November 14th. Scotiabank lifted their price target on shares of Realty Income from $61.00 to $64.00 and gave the company a "sector perform" rating in a research report on Tuesday, September 17th. Finally, Wedbush began coverage on shares of Realty Income in a research report on Monday, August 19th. They set a "neutral" rating and a $64.00 target price on the stock. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Realty Income has an average rating of "Hold" and an average target price of $63.85.

Realty Income Trading Down 0.7 %

NYSE O traded down $0.43 during trading on Friday, hitting $57.89. The company had a trading volume of 3,486,234 shares, compared to its average volume of 5,615,461. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.68. The company has a market cap of $50.67 billion, a price-to-earnings ratio of 55.13, a price-to-earnings-growth ratio of 4.10 and a beta of 0.99. The company's fifty day moving average is $60.36 and its 200-day moving average is $58.17. Realty Income has a one year low of $50.65 and a one year high of $64.88.

Realty Income (NYSE:O - Get Free Report) last released its 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 firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the firm earned $1.02 earnings per share. The business's revenue was up 28.1% compared to the same quarter last year. On average, sell-side analysts predict that Realty Income will post 4.19 earnings per share for the current year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.2635 per share. This is an increase from Realty Income's previous monthly dividend of $0.24. This represents a $3.16 annualized dividend and a yield of 5.46%. The ex-dividend date is Monday, December 2nd. Realty Income's payout ratio is currently 300.95%.

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.