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

56.80

Mkt cap

50B

Volume

4.6M

High

57.70

P/E Ratio

54.77

52-wk high

64.88

Low

56.70

Div yield

0.05

52-wk low

49.52

Realty Income (NYSE:O) has seen a 7.65% decrease in short interest, now at 9.80 million shares or 1.57% of float, with a short-covering time of 1.18 days. This decline in short interest may indicate a more bullish sentiment among investors, although it doesn't necessarily predict a near-term price rise. Realty Income has a lower short interest compared to its peer group average of 5.11%.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 1:45 pm

RBC Capital analyst Brad Heffern maintains an Outperform rating on Realty Income (NYSE:O) and raises the price target from $56 to $57.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 8:09 pm

Realty Income Corporation (O) has announced plans to acquire Spirit Realty Capital (SRC) in an all-stock deal valued at $9.3 billion. The deal is expected to enhance Realty Income's portfolio and provide significant financial benefits.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:55 pm

Realty Income (NYSE:O) has received one bullish and six indifferent analyst ratings in the last quarter. The company's average 12-month price target is $60.86, a decrease of 8.65% from the previous average of $66.62.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 8:00 pm

Stifel analyst Simon Yarmak has maintained a 'Buy' rating on Realty Income (NYSE:O) but lowered the price target from $69.5 to $67.5.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 3:09 pm

Realty Income reported Q3 earnings of $1.02 per share, beating the analyst consensus estimate of $1.00 by 2%. However, the company's quarterly sales of $1.04 billion missed the analyst consensus estimate of $1.04 billion by 0.10%. The earnings represent a 4.08% increase from last year, while the sales represent a 24.09% increase from the same period last year.

Portfolio Pulse from mahesh@benzinga.com

November 06, 2023 | 9:22 pm

Realty Income (NYSE:O) is set to release its latest quarterly earnings report on November 6, 2023. Analysts estimate an earnings per share (EPS) of $1.00. The company's past performance shows a mixed trend in price changes post-earnings release. The stock is currently trading at $50.03, down 18.84% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 5:01 pm

Jim Cramer, on CNBC's 'Mad Money Lightning Round', expressed his views on several stocks. He appreciated the work of Martin Schroeter at Kyndryl Holdings Inc (KD) and recommended Realty Income Corp (O). He also commented on the 42% drop in Confluent Inc's (CFLT) shares post earnings, stating that the company isn't as bad as the drop suggests. He admitted needing to do more research on SiTime Corp (SITM).

Portfolio Pulse from Lisa Levin

November 03, 2023 | 12:55 pm

A significant investor has taken a bullish stance on Realty Income (NYSE:O), with unusual options activity detected. The trades are evenly split between bullish and bearish expectations. The total amount for puts is $208,432 and for calls is $266,870. Whales have been targeting a price range from $40.0 to $60.0 for Realty Income over the last 3 months. The current price of O is up 0.36% at $47.55. B of A Securities and Mizuho have both given a Neutral rating with price targets of $52 and $48 respectively.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 5:47 pm

Mizuho analyst Haendel St. Juste maintains a Neutral rating on Realty Income (NYSE:O) and lowers the price target from $61 to $48.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 4:20 pm

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