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Will Realty Income Corp. (NYSE: O) In 2024 Be Worth Your Money?

In the latest trading session, 1.71 million Realty Income Corp. (NYSE:O) shares changed hands as the company’s beta touched 0.93. With the company’s most recent per share price at $51.35 changed hands at -$1.32 or -2.50% at last look, the market valuation stands at $37.18B. O’s current price is a discount, trading about -31.16% off its 52-week high of $67.35. The share price had its 52-week low at $45.03, which suggests the last value was 12.31% up since then. When we look at Realty Income Corp.’s average trading volume, we note the 10-day average is 7.14 million shares, with the 3-month average coming to 1.29.

Realty Income Corp. (NYSE:O) trade information

Instantly O was in red as seen in intraday trades today. With action -4.46%, the performance over the past five days has been red. The drop to weekly highs of 53.89 subtracted -2.50% to the stock’s daily price. The company’s shares are showing year-to-date downside of -10.56%, with the 5-day performance at -4.46% in the red. However, in the 30-day time frame, Realty Income Corp. (NYSE:O) is -12.81% down. Looking at the short shares, we see there were 12.48 million shares sold at short interest cover period of 1.38 days.

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Realty Income Corp. (O) estimates and forecasts

Data shows that the Realty Income Corp. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -11.37% over the past 6 months, a 2.30% in annual growth rate that is considerably higher than the industry average of 1.80%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Realty Income Corp. will fall -11.10%, while the growth in revenue is estimated to hit 17.60% for the next quarter. Year-over-year growth is forecast to reach 17.50% up from the last financial year.

Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of $1.02 billion. 6 analysts are of the opinion that Realty Income Corp.’s revenue for the quarter ending Mar 2024 will be $1.12 billion. The company’s revenue for the corresponding quarters a year ago was $888.65 million and $907.67 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 15.10%. The estimates for the next quarter sales put growth at 22.80%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 5.24%. The 2024 estimates are for Realty Income Corp. earnings to decrease by -8.66%, but the outlook for the next 5-year period is at 22.62% per year.

O Dividends

Realty Income Corp. is expected to release its next quarterly earnings report between February 19 and February 23. The 5.97% annual yield figure for the share gives it an annual dividend of 3.07. It is important to note, however, that the 5.97% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

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