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

Realty Income Co. (NYSE:O - Get Free Report) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totalling 23,560,000 shares, a decline of 15.6% from the April 30th total of 27,900,000 shares. Based on an average daily trading volume, of 6,070,000 shares, the days-to-cover ratio is currently 3.9 days. Approximately 2.7% of the company's stock are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on O. BNP Paribas lowered shares of Realty Income from an "outperform" rating to a "neutral" rating and set a $61.00 price target on the stock. in a research note on Tuesday, February 25th. Scotiabank lifted their price target on shares of Realty Income from $57.00 to $58.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Royal Bank of Canada cut their price target on shares of Realty Income from $62.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. JPMorgan Chase & Co. cut their price target on shares of Realty Income from $64.00 to $61.00 and set a "neutral" rating on the stock in a research note on Monday, May 5th. Finally, UBS Group cut their price target on shares of Realty Income from $64.00 to $62.00 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $61.15.

Institutional Investors Weigh In On Realty Income

Institutional investors have recently modified their holdings of the business. Brighton Jones LLC increased its stake in shares of Realty Income by 11.2% in the 4th quarter. Brighton Jones LLC now owns 6,101 shares of the real estate investment trust's stock valued at $326,000 after purchasing an additional 615 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Realty Income by 4.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 27,436 shares of the real estate investment trust's stock worth $1,465,000 after acquiring an additional 1,176 shares during the last quarter. Clear Creek Financial Management LLC increased its holdings in Realty Income by 23.7% in the 4th quarter. Clear Creek Financial Management LLC now owns 4,192 shares of the real estate investment trust's stock worth $224,000 after purchasing an additional 802 shares in the last quarter. Independence Bank of Kentucky raised its position in Realty Income by 54.5% in the fourth quarter. Independence Bank of Kentucky now owns 850 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 300 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in shares of Realty Income by 907.9% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 41,998 shares of the real estate investment trust's stock valued at $2,243,000 after purchasing an additional 37,831 shares in the last quarter. Institutional investors own 70.81% of the company's stock.

Realty Income Stock Down 0.3%

O traded down $0.15 during trading on Thursday, reaching $55.77. 4,881,799 shares of the stock were exchanged, compared to its average volume of 5,192,311. The stock has a market cap of $50.36 billion, a P/E ratio of 53.11, a price-to-earnings-growth ratio of 2.10 and a beta of 0.78. Realty Income has a twelve month low of $50.71 and a twelve month high of $64.88. The stock's 50 day moving average price is $56.20 and its two-hundred day moving average price is $55.59. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $1.06 earnings per share for the quarter, hitting analysts' consensus estimates of $1.06. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. Realty Income had a net margin of 17.57% and a return on equity of 2.35%. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 earnings per share. Equities analysts expect that Realty Income will post 4.19 EPS for the current year.

Realty Income Dividend Announcement

The business also recently disclosed a jun 25 dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a $0.2685 dividend. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 5.8%. Realty Income's dividend payout ratio is currently 292.73%.

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.