Realty Income Corp. (NYSE:O) shares, rose in value on Friday, April 05, with the stock price down by -0.84% to the previous day’s close as strong demand from buyers drove the stock to $52.18.
Actively observing the price movement in the recent trading, the stock is buoying the session at $52.62. The value of beta (5-year monthly) is 0.94 whereas the PE ratio is 41.43 over 12-month period. Referring to stock’s 52-week performance, its high was $64.18, and the low was $45.03. On the whole, O has fluctuated by 0.04% over the past month.
With the market capitalization of Realty Income Corp. currently standing at about $44.93 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 06, 2024. The company’s Forward Dividend Ratio is 3.07, with its dividend yield at 5.89%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.39, which is expected to increase to $0.43 for fiscal year $1.53 and then to about $1.66 by fiscal year 2025. Data indicates that the EPS growth is expected to be 21.40% in 2025, while the next year’s EPS growth is forecast to be 8.50%.
Analysts have estimated the company’s revenue for the quarter at $1.2 billion, with a low estimate of $1.1 billion and a high estimate of $1.27 billion. According to the average forecast, sales growth in current quarter could jump up 32.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $4.92 billion, representing an increase of 20.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that O’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.83, with the price of O currently trading nearly -0.89% and -1.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.89, while the 7-day volatility ratio is showing 1.16% which for the 30-day chart, stands at 1.37%. Furthermore, Realty Income Corp. (O)’s beta value is 0.93, and its average true range (ATR) is 0.79.
A comparison of Realty Income Corp. (O) with its peers suggests the former has fared considerably weaker in the market. O showed an intraday change of -0.84% in today’s session so far, and over the past year, it shrunk by -16.96%%.
Data on historical trading for Realty Income Corp. (NYSE:O) indicates that the trading volumes over the past 10 days have averaged 5.81 million and over the past 3 months, they’ve averaged 7.21 million. According to company’s latest data on outstanding shares, there are 861.12 million shares outstanding.
Nearly 0.12% of Realty Income Corp.’s shares belong to company insiders and institutional investors own 71.98% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.06 million shares as on Mar 15, 2024, resulting in a short ratio of 1.58. According to the data, the short interest in Realty Income Corp. (O) stood at 1.17% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 12.12 million. The stock has fallen by -9.13% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the O stock heading into the next quarter.
