Realty Income Corp.’s recent filing unveils that its Director Chapman A. Larry unloaded Company’s shares for reported $0.2 million on Dec 18 ’23. In the deal valued at $56.98 per share,3,500 shares were sold. As a result of this transaction, Chapman A. Larry now holds 10,590 shares worth roughly $0.57 million.
BMO Capital Markets initiated its Realty Income Corp. [O] rating to a Market perform in a research note published on February 13, 2024; the price target was $57. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Outperform”. Mizuho also remained covering O and has increased its forecast on December 11, 2023 with a “Buy” recommendation from previously “Neutral” rating. Wolfe Research revised its rating on December 06, 2023. It rated O as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of O
On Monday, Realty Income Corp. [NYSE:O] saw its stock jump 1.19% to $53.64. Over the last five days, the stock has gained 0.34%. Realty Income Corp. shares have fallen nearly -6.58% since the year began. Nevertheless, the stocks have fallen -14.46% over the past one year. While a 52-week high of $64.18 was reached on 01/09/24, a 52-week low of $45.03 was recorded on 03/01/24. SMA at 50 days reached $52.87, while 200 days put it at $54.85. A total of 4.0 million shares were traded, compared to the trading of 1.59 million shares in the previous session.
Levels Of Support And Resistance For O Stock
The 24-hour chart illustrates a support level at 53.16, which if violated will result in even more drops to 52.69. On the upside, there is a resistance level at 53.89. A further resistance level may holdings at 54.14. The Relative Strength Index (RSI) on the 14-day chart is 57.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.88%. Stochastics %K at 60.55% indicates the stock is a holding.
How much short interest is there in Realty Income Corp.?
A steep rise in short interest was recorded in Realty Income Corp. stocks on Mar 15, 2024, dropping by -2.06 million shares to a total of 10.06 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 12.12 million shares. There was a decline of -20.48%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.32% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.58.
