Realty Income Corp. (NYSE:O) has a beta value of 0.92 and has seen 5.44 million shares traded in the last trading session. The company, currently valued at $44.86B, closed the last trade at $52.10 per share which meant it lost -$0.11 on the day or -0.21% during that session. The O stock price is -23.19% off its 52-week high price of $64.18 and 13.57% above the 52-week low of $45.03. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.46 million shares traded. The 3-month trading volume is 7.21 million shares.
Realty Income Corp. (NYSE:O) trade information
Sporting -0.21% in the red in last session, the stock has traded in the red over the last five days, when the O stock price touched $52.10 or saw a rise of 2.31%. Year-to-date, Realty Income Corp. shares have moved -9.27%, while the 5-day performance has seen it change -1.48%. Over the past 30 days, the shares of Realty Income Corp. (NYSE:O) have changed -0.44%. Short interest in the company has seen 12.48 million shares shorted with days to cover at 1.87.
Realty Income Corp. (O) estimates and forecasts
Figures show that Realty Income Corp. shares have outperformed across the wider relevant industry. The company’s shares have lost -3.03% over the past 6 months, with this year growth rate of 4.25%, compared to -0.80% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 11.80% and 24.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 22.60%.
7 analysts offering their estimates for the company have set an average revenue estimate of $1.2 billion for the current quarter. 7 have an estimated revenue figure of $1.25 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $907.67 million and $948.36 million respectively for this quarter and the next, and analysts expect sales will grow by 32.20% for the current quarter and 31.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -0.02% over the past 5 years. Earnings growth for 2024 is a modest 15.95% while over the next 5 years, the company’s earnings are expected to increase by 22.62%.
O Dividends
Realty Income Corp. is expected to release its next earnings report between May 01 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 3.07 at a share yield of 5.89%. The company’s dividend yield has gone up over the past 12 months.
Realty Income Corp. (NYSE:O)’s Major holders
Insiders own 0.14% of the company shares, while shares held by institutions stand at 72.04% with a share float percentage of 72.14%. Investors are also buoyed by the number of investors in a company, with Realty Income Corp. having a total of 1,513 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 106.7 million shares worth more than $6.38 billion. As of Jun 29, 2023, Vanguard Group Inc held 15.05% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 61.84 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $3.7 billion and represent 8.72% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. As of Jul 30, 2023, the former fund manager holds about 3.93% shares in the company for having 27.83 million shares of worth $1.7 billion while later fund manager owns 20.96 million shares of worth $1.25 billion as of Jun 29, 2023, which makes it owner of about 2.96% of company’s outstanding stock.
