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Realty Income Corporation (NYSE:O) Currently -27.26 Percent Off Its 52-Week High, But Its Upside Possibilities Might Surprise You

In last trading session, Realty Income Corporation (NYSE:O) saw 18.32 million shares changing hands with its beta currently measuring 0.79. Company’s recent per share price level of $54.10 trading at -$1.02 or -1.85% at ring of the bell on the day assigns it a market valuation of $38.18B. That closing price of O’s stock is at a discount of -27.26% from its 52-week high price of $68.85 and is indicating a discount of -1.22% from its 52-week low price of $54.76. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.93 million shares which gives us an average trading volume of 5.16 million if we extend that period to 3-months.

For Realty Income Corporation (O), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.40. Splitting up the data highlights that, out of 18 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 9 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.32 in the current quarter.

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Realty Income Corporation (NYSE:O) trade information

Upright in the red during last session for losing -1.85%, in the last five days O remained trading in the red while hitting it’s week-highest on Wednesday, 09/13/23 when the stock touched $54.10 price level, adding 2.59% to its value on the day. Realty Income Corporation’s shares saw a change of -14.71% in year-to-date performance and have moved -2.21% in past 5-day. Realty Income Corporation (NYSE:O) showed a performance of -4.87% in past 30-days. Number of shares sold short was 16.88 million shares which calculate 2.95 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $68.08 to the stock, which implies a rise of 20.53% to its current value. Analysts have been projecting $61.00 as a low price target for the stock while placing it at a high target of $74.00. It follows that stock’s current price would drop -36.78% in reaching the projected high whereas dropping to the targeted low would mean a loss of -12.75% for stock’s current value.

Realty Income Corporation (O) estimates and forecasts

Statistics highlight that Realty Income Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -13.34% of value to its shares in past 6 months, showing an annual growth rate of 2.30% while that of industry is 0.70. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to decrease by -11.10% in the current quarter and calculating -8.30% decrease in the next quarter. This year revenue growth is estimated to rise 16.50% from the last financial year’s standing.

7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $984.73 million for the same. And 8 analysts are in estimates of company making revenue of $1.02 billion in the next quarter that will end on Dec 2023. Company posted $825.95 million and $888.65 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 19.20% while estimating it to be 14.60% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 5.20% during past 5 years. In 2023, company’s earnings growth rate is likely to be around 63.90% while estimates for its earnings growth in next 5 years are of 22.62%.

O Dividends

Realty Income Corporation is more likely to be releasing its next quarterly report between October 31 and November 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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

Insiders are in possession of 0.10% of company’s total shares while institution are holding 82.59 percent of that, with stock having share float percentage of 82.67%. Investors also watch the number of corporate investors in a company very closely, which is 82.59% institutions for Realty Income Corporation that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at O for having 106.7 million shares of worth $5.77 billion. And as of Jun 29, 2023, it was holding 15.05% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 61.84 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 8.72% of outstanding shares, having a total worth of $3.35 billion.

On the other hand, Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Apr 29, 2023, the former fund manager was holding 27.56 million shares of worth $1.49 billion or 3.89% of the total outstanding shares. The later fund manager was in possession of 20.96 million shares on Jun 29, 2023, making its stake of worth around $1.13 billion in the company or a holder of 2.96% of company’s stock.

On Key

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