Streetbeat News

Realty Income Corporation

https://www.realtyincome.com

Industry

REIT - Retail

Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 6,500 real estate properties owned under long-term lease agreements with our commercial clients. To date, the company has declared 608 consecutive common stock monthly dividends throughout its 52-year operating history and increased the dividend 109 times since Realty Income's public listing in 1994 (NYSE: O). The company is a member of the S&P 500 Dividend Aristocrats index. Additional information about the company can be obtained from the corporate website at www.realtyincome.com.

Open

56.72

Mkt cap

50B

Volume

1.9M

High

57.23

P/E Ratio

54.36

52-wk high

64.88

Low

56.33

Div yield

0.05

52-wk low

50.65

Realty Income (NYSE:O) reported its Q1 2024 FFO at $1.03 per share, slightly missing the analyst consensus estimate of $1.04 by 0.96 percent.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:07 pm

Realty Income's (NYSE:O) short interest has increased by 12.88% since the last report, with 11.31 million shares sold short, representing 1.49% of its float. The current short interest suggests a bearish market sentiment, although it is lower than its peer group average of 5.37%. The article highlights the importance of monitoring short interest as an indicator of market sentiment.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 6:30 pm

REIT shares are trading lower due to rising Treasury yields, triggered by March inflation data exceeding expectations.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:57 pm

O-I Glass, Inc. (NYSE:OI) announced Gordon J. Hardie as its next CEO effective May 15, 2024, succeeding Andres Lopez. Hardie, with over 35 years of leadership experience, previously served at Bunge Limited. John H. Walker, the Independent Board Chair, will retire at the 2024 Annual Meeting. O-I also nominates Eric J. Foss and Cheri Phyfer for Board election, aiming to continue its innovation and growth in the glass manufacturing industry.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:55 pm

Realty Income Corporation (NYSE:O) announced an increase in its monthly cash dividend to $0.2570 per share from $0.2565, payable on April 15, 2024. This marks the 124th dividend increase since its NYSE listing in 1994 and the 645th consecutive monthly dividend in its 55-year history.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 8:21 pm

Realty Income (NYSE:O) received mixed analyst ratings with 3 bullish, 2 somewhat bullish, and 1 indifferent. The average 12-month price target is $60.17, down from $60.94. Analysts adjusted their ratings and price targets, reflecting dynamic market conditions and company performance. Realty Income's financial performance shows a revenue growth of 21.11% but lags in net margin and ROE compared to industry averages. Its debt-to-equity ratio is below industry average, indicating a conservative financial approach.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 3:00 pm

Mizuho analyst Vikram Malhorta maintains a Buy rating on Realty Income (NYSE:O) but lowers the price target from $60 to $56.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 11:52 am

Realty Income's (NYSE:O) short interest has decreased by 45.71% since the last report, with 12.48 million shares sold short, representing 1.71% of its float. This decline in short interest could indicate a more bullish sentiment towards the stock, although it doesn't guarantee a price increase. Realty Income has a lower short interest compared to its peer group average of 5.42%.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:15 pm

Wall Street experienced a downturn ahead of the Federal Reserve meeting minutes and Nvidia's earnings report. Cybersecurity stocks, notably Palo Alto Networks, faced significant losses, impacting the Global X Cybersecurity ETF. Energy stocks outperformed due to a rise in natural gas prices. Major indices and ETFs like SPY, DIA, and QQQ saw declines, while specific stocks reacted to earnings reports or anticipated earnings.

Portfolio Pulse from Piero Cingari

February 21, 2024 | 6:04 pm

Realty Income has projected its 2024 Adjusted Funds From Operations (AFFO) per share to be in the range of $4.13-$4.21, which is below the estimated $4.27 by analysts.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:23 pm

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