Director Chapman A. Larry sale 7,000 shares of Realty Income Corporation [O]

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Realty Income Corporation shares valued at $475,790 were sold by Chapman A. Larry on Sep 01. At $67.97 per share, Chapman A. Larry sold 7,000 shares. The insider’s holdings dropped to 10,090 shares worth approximately $0.63 million following the completion of this transaction.

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As published in their initiating research note from Credit Suisse on June 23, 2022, Realty Income Corporation [O] has been an Outperform and the price target has been revised to $75. This represents a 16.61% premium over Wednesday’s closing price. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in late May. As of March 15, 2022, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for O. Earlier on December 15, 2021, Scotiabank downgraded its rating. Their new recommendation was “a Sector perform” for O stock which previously was a “a Sector outperform”.

Analyzing O’s Price Performance

On Wednesday, Realty Income Corporation [NYSE: O] plunged -0.87% to $62.54. The stock’s lowest price that day was $62.52, but it reached a high of $63.84 in the same session. During the last five days, there has been a drop of approximately -4.39%. Over the course of the year, Realty Income Corporation shares have dropped approximately -12.64%. Shares of the company reached a 52-week high of $75.40 on 04/21/22 and a 52-week low of $62.28 on 06/14/22. A 50-day SMA is recorded $70.12, while a 200-day SMA reached $68.88. Nevertheless, trading volume fell to 4.93 million shares from 4.38 million shares the previous day.

Support And Resistance Levels for Realty Income Corporation (O)

According to the 24-hour chart, there is a support level at 62.09, which, if violated, would cause prices to drop to 61.65. In the upper region, resistance lies at 63.41. The next price resistance is at 64.29. RSI (Relative Strength Index) is 25.40 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.63, which suggests the price will decrease in the coming days. Percent R is at 99.69%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Realty Income Corporation subject to short interest?

Stocks of Realty Income Corporation saw a sharp rise in short interest on Jul 14, 2022 jumping by 3.37 million shares to 20.33 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 16.96 million shares. A jump of 16.58% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.86 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.86.

Which companies own the most shares of Realty Income Corporation (O)?

According to The Vanguard Group, Inc. filings, the company currently owns 92,889,775 shares, which is about 15.44% of the total O shares outstanding. The investor’s shares have appreciated by 2,821,942 from its previous 13-F filing of 90067833.0 shares. With the completion of the buy transaction, SSgA Funds Management, Inc.’s stake is now worth $3,223,648,538. BlackRock Fund Advisors acquire a 5.32% interest valued at $2.62 billion while Cohen & Steers Capital Management purchased a 3,197,477 stake. A total of 1,577,206 shares of Realty Income Corporation were bought by Managed Account Advisors LLC during the quarter, and 1,122,719 were bought by Morgan Stanley Smith Barney LLC. In its current portfolio, Geode Capital Management LLC holds 13,459,426 shares valued at $919.01 million.

In terms of Realty Income Corporation share price expectations, FactSet research, analysts set an average price target of $76.35 in the next 12 months, up nearly 20.46% from the previous closing price of $63.09. Analysts anticipate Realty Income Corporation stock to reach $84.00 by 2022, with the lowest price target being $70.00. In spite of this, 20 analysts ranked Realty Income Corporation stock as an Overweight at the end of 2022. On September 17, 2021, RBC Capital Mkts assigned a price target of “an Outperform” to the stock and initiated coverage with a $79.


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