Short Interest in Realty Income Corporation (NYSE:O) Drops By 16.8%

Realty Income Corporation (NYSE:O) saw a significant decline in short interest in March. As of March 13th, there was short interest totaling 24,679,335 shares, a decline of 16.8% from the February 26th total of 29,671,492 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average daily volume of 6,403,452 shares, the days-to-cover ratio is currently 3.9 days.

Realty Income Stock Performance

Shares of O stock opened at $60.73 on Monday. The stock has a market capitalization of $56.62 billion, a price-to-earnings ratio of 51.90, a PEG ratio of 4.49 and a beta of 0.77. Realty Income has a one year low of $50.71 and a one year high of $67.93. The company’s 50-day simple moving average is $63.52 and its 200-day simple moving average is $60.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 1.40.

Realty Income (NYSE:O) last announced its quarterly earnings data on Tuesday, February 24th. The real estate investment trust reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. Realty Income had a return on equity of 2.68% and a net margin of 18.41%.The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the company earned $1.05 earnings per share. Realty Income’s quarterly revenue was up 11.0% on a year-over-year basis. Realty Income has set its FY 2026 guidance at 4.380-4.420 EPS. Equities analysts anticipate that Realty Income will post 4.19 earnings per share for the current fiscal year.

Realty Income Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.2705 per share. This represents a c) annualized dividend and a yield of 5.3%. This is a boost from Realty Income’s previous monthly dividend of $0.27. The ex-dividend date is Tuesday, March 31st. Realty Income’s dividend payout ratio (DPR) is 276.92%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $61.00 target price on shares of Realty Income in a report on Thursday, December 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Realty Income in a research report on Monday, December 29th. Mizuho boosted their target price on shares of Realty Income from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Realty Income from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Tuesday, January 20th. Finally, Stifel Nicolaus raised their price target on shares of Realty Income from $67.75 to $70.50 and gave the company a “buy” rating in a report on Wednesday, February 25th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Realty Income presently has a consensus rating of “Hold” and a consensus price target of $66.39.

Institutional Trading of Realty Income

Several institutional investors have recently added to or reduced their stakes in O. Rockefeller Capital Management L.P. raised its holdings in shares of Realty Income by 21.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 945,271 shares of the real estate investment trust’s stock worth $53,304,000 after purchasing an additional 166,358 shares during the period. World Investment Advisors boosted its holdings in shares of Realty Income by 68.8% in the 4th quarter. World Investment Advisors now owns 220,836 shares of the real estate investment trust’s stock valued at $12,449,000 after buying an additional 90,023 shares during the period. Corient Private Wealth LLC grew its position in shares of Realty Income by 48.4% during the 4th quarter. Corient Private Wealth LLC now owns 171,365 shares of the real estate investment trust’s stock valued at $9,698,000 after buying an additional 55,860 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Realty Income by 13.2% during the 4th quarter. Hsbc Holdings PLC now owns 3,975,859 shares of the real estate investment trust’s stock valued at $224,141,000 after buying an additional 464,550 shares during the last quarter. Finally, Bayban acquired a new stake in Realty Income during the fourth quarter worth about $80,000. Institutional investors own 70.81% of the company’s stock.

Realty Income Company Profile

Realty Income Corporation (NYSE: O) is a real estate investment trust (REIT) that acquires, owns and manages commercial properties subject primarily to long-term net lease agreements. The company’s business model focuses on generating predictable, contractual rental income by leasing properties to tenants under agreements that typically place responsibility for taxes, insurance and maintenance on the tenant. Realty Income is publicly traded on the New York Stock Exchange and markets itself as a reliable income-oriented REIT.

Realty Income’s portfolio is concentrated in single-tenant, retail and service-oriented properties such as drugstores, convenience stores, dollar and discount retailers, restaurants, and other essential-service businesses.