Realty Income Corp. (NYSE:O) traded at $51.94 at last check on Tuesday, March 19, made a downward move of -0.52% on its previous day’s price.
Looking at the stock we see that its previous close was $52.21 and the beta (5Y monthly) reads 0.93. The company has a trailing 12-month PE ratio of 41.24. In terms of its 52-week price range, O has a high of $64.18 and a low of $45.03. The company’s stock has lost about -0.75% over that past 30 days.
Realty Income Corp. has a market cap of $44.73 billion and is expected to release its quarterly earnings report on May 01, 2024 – May 06, 2024. With its Forward Dividend at 3.07 and a yield of 5.91%, the company’s investors could be anxious for the O stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.38, with the EPS growth for the year raised at $1.41 for 2024 and $1.51 for next year. These figures represent 11.90% and 7.10% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.2 billion, with a low of $1.1 billion and a high of $1.27 billion. The median projection represents growth squeezing down to 32.20% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $5 billion, or 22.60% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the O stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note that the PEG ratio for the O stock currently stands at 1.82, and the most recent price level today is -0.94% off its SMA20 and -4.07% from its 50-day simple moving average. The RSI (14) is pointing at 41.70 while the volatility over the past week is 1.71% and jumps to 1.62% over the past one month. The beta value is 0.92, while the average true range (ATR) is currently pointing at 0.87.
Coming back to Realty Income Corp. (NYSE:O), we note that the average 3-month trading volume was 7.21 million, while that of the preceding 10-day period stands at 6.46 million. Current shares outstanding are 861.12 million.
The insiders hold 0.12% of the company’s shares while institutions hold 72.06%. The data shows that short shares as of Feb 29, 2024, stood at 12.48 million at a short ratio of 1.87. This represents a 1.45% short interest in shares outstanding on Feb 29, 2024. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -9.54% down in year-to-date price movement.
