Realty Income Corporation (NYSE: O) Fall -5.08% In Six Months, Here’s What We Should Expect Now – Marketing Sentinel
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Realty Income Corporation (NYSE: O) Fall -5.08% In Six Months, Here’s What We Should Expect Now

During the recent session, Realty Income Corporation (NYSE:O)’s traded shares were 1.5 million, with the beta value of the company hitting 0.74. At the last check today, the stock’s price was $66.47, reflecting an intraday gain of 1.65% or $1.08. The 52-week high for the O share is $75.40, that puts it down -13.43 from that peak though still a striking 6.03% gain since the share price plummeted to a 52-week low of $62.46. The company’s market capitalization is $39.68B, and the average trade volume was 3.91 million shares over the past three months.

Realty Income Corporation (O) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.30. O has a Sell rating from 0 analyst(s) out of 21 analysts who have looked at this stock. 9 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 10 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.37.

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Realty Income Corporation (NYSE:O) trade information

Realty Income Corporation (O) registered a 1.65% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.65% in intraday trading to $66.47 this Thursday, 05/12/22, hitting a weekly high. The stock’s 5-day price performance is -2.55%, and it has moved by -8.62% in 30 days. Based on these gigs, the overall price performance for the year is 4.35%.

The consensus price target of analysts on Wall Street is $77.06, which implies an increase of 13.74% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $68.00 and $86.00 respectively. As a result, O is trading at a discount of -29.38% off the target high and -2.3% off the low.

Realty Income Corporation (O) estimates and forecasts

Statistics show that Realty Income Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Realty Income Corporation (O) shares have gone down -5.08% during the last six months, with a year-to-date growth rate more than the industry average at 9.75% against 6.60. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 12.10% this quarter and then jump 69.20% in the quarter after that. In the rating firms’ projections, revenue will increase 21.50% compared to the previous financial year.

Revenue for the current quarter is expected to be $631.72 million as predicted by 7 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $719.64 million by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $418.08 million and $424.8 million respectively. In this case, analysts expect current quarter sales to grow by 51.10% and then jump by 69.40% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -5.10%. While earnings are projected to return -24.30% in 2022, the next five years will return 5.45% per annum.

O Dividends

Realty Income Corporation is due to release its next quarterly earnings between May 02 and May 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Realty Income Corporation is 2.96, with the dividend yield indicating at 4.53 percent, continuing the trend of increasing dividends in recent years.

Realty Income Corporation (NYSE:O)’s Major holders

Realty Income Corporation insiders own 0.12% of total outstanding shares while institutional holders control 78.53%, with the float percentage being 78.63%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 1,414 institutions own stock in it. As of Dec 30, 2021, the company held over 89.34 million shares (or 22.10% of all shares), a total value of $6.4 billion in shares.

The next largest institutional holding, with 55.38 million shares, is of Blackrock Inc.’s that is approximately 13.70% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $3.96 billion.

Also, the Mutual Funds coming in first place with the largest holdings of Realty Income Corporation (O) shares are Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. Data provided on Oct 30, 2021 indicates that Vanguard Specialized-Real Estate Index Fund owns about 17.59 million shares. This amounts to just over 4.35 percent of the company’s overall shares, with a $1.26 billion market value. The same data shows that the other fund manager holds slightly less at 10.99 million, or about 2.72% of the stock, which is worth about $712.97 million.

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