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KeyBanc Capital Markets gives a Sector weight recommendation for Realty Income Corp. (O)

In a filing, Realty Income Corp. revealed its Director Chapman A. Larry unloaded Company’s shares for reported $0.27 million on Apr 09 ’24. In the deal valued at $54.23 per share,5,000 shares were sold. As a result of this transaction, Chapman A. Larry now holds 6,257 shares worth roughly $0.33 million.

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Then, Chapman A. Larry sold 3,500 shares, generating $199,436 in total proceeds. Upon selling the shares at $56.98, the Director now owns 10,590 shares.

KeyBanc Capital Markets initiated its Realty Income Corp. [O] rating to a Sector weight in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in mid February with a ‘”a Market perform”‘ rating. Exane BNP Paribas also remained covering O and has increased its forecast on December 13, 2023 with a “an Outperform” recommendation from previously “Neutral” rating. Mizuho revised its rating on December 11, 2023. It rated O as “a Buy” which previously was an “a Neutral”.

Price Performance Review of O

On Monday, Realty Income Corp. [NYSE:O] saw its stock fall -0.56% to $53.07. Over the last five days, the stock has gained 0.68%. Realty Income Corp. shares have fallen nearly -7.58% since the year began. Nevertheless, the stocks have fallen -13.33% 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 04/17/24. SMA at 50 days reached $53.51, while 200 days put it at $53.37. A total of 3.62 million shares were traded, compared to the trading of 3.37 million shares in the previous session.

Levels Of Support And Resistance For O Stock

The 24-hour chart illustrates a support level at 52.77, which if violated will result in even more drops to 52.47. On the upside, there is a resistance level at 53.41. A further resistance level may holdings at 53.75. The Relative Strength Index (RSI) on the 14-day chart is 47.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.82%. Stochastics %K at 61.25% indicates the stock is a holding.

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