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

Realty Income Co. (NYSE:O) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 14,600,000 shares, a decrease of 21.6% from the January 31st total of 18,620,000 shares. Based on an average trading volume of 4,990,000 shares, the days-to-cover ratio is currently 2.9 days.

Realty Income Price Performance

Shares of O opened at $57.53 on Tuesday. The stock has a market capitalization of $51.29 billion, a P/E ratio of 54.79, a P/E/G ratio of 2.10 and a beta of 1.00. Realty Income has a twelve month low of $50.65 and a twelve month high of $64.88. The company has a 50 day moving average of $54.34 and a 200-day moving average of $57.90. 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 (NYSE:O) last issued its quarterly earnings results 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). The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a return on equity of 2.35% and a net margin of 17.57%. As a group, equities research analysts forecast that Realty Income will post 4.19 EPS for the current fiscal year.

Realty Income Increases Dividend

The business also recently disclosed a mar 25 dividend, which will be paid on Friday, March 14th. Stockholders of record on Monday, March 3rd will be issued a $0.268 dividend. This represents a dividend yield of 5.7%. The ex-dividend date is Monday, March 3rd. This is an increase from Realty Income’s previous mar 25 dividend of $0.26. Realty Income’s dividend payout ratio is presently 327.55%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on O shares. Mizuho lowered their price target on Realty Income from $60.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus lowered their price target on Realty Income from $70.00 to $66.50 and set a “buy” rating for the company in a research note on Wednesday, January 8th. UBS Group lowered their target price on Realty Income from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft began coverage on Realty Income in a research note on Wednesday, December 11th. They set a “hold” rating and a $62.00 target price for the company. Finally, BNP Paribas cut Realty Income from an “outperform” rating to a “neutral” rating and set a $61.00 target price for the company. in a research note on Tuesday, February 25th. Eleven investment analysts have rated the stock with a hold rating and three 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 $62.04.

Institutional Investors Weigh In On Realty Income

Large investors have recently made changes to their positions in the stock. Lee Danner & Bass Inc. acquired a new stake in shares of Realty Income in the 4th quarter valued at approximately $28,000. Hopwood Financial Services Inc. bought a new position in Realty Income during the fourth quarter worth $29,000. Sierra Ocean LLC bought a new position in Realty Income during the fourth quarter worth $32,000. Millstone Evans Group LLC bought a new position in Realty Income during the fourth quarter worth $34,000. Finally, Fourth Dimension Wealth LLC bought a new position in Realty Income during the fourth quarter worth $34,000. Institutional investors and hedge funds own 70.81% of the company’s stock.

About Realty Income

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.