In the latest trading session, 1.27 million Realty Income Corp. (NYSE:O) shares changed hands as the company’s beta touched 0.92. With the company’s most recent per share price at $53.53 changing hands around $0.93 or 1.77% at last look, the market valuation stands at $46.10B. O’s current price is a discount, trading about -19.9% off its 52-week high of $64.18. The share price had its 52-week low at $45.03, which suggests the last value was 15.88% up since then. When we look at Realty Income Corp.’s average trading volume, we note the 10-day average is 6.57 million shares, with the 3-month average coming to 7.20 million.
Realty Income Corp. (NYSE:O) trade information
Instantly O is in green as seen in intraday trades today. With action 2.08%, the performance over the past five days has been green. The jump to weekly highs of 53.44 added 1.77% to the stock’s daily price. The company’s shares are showing year-to-date downside of -6.77%, with the 5-day performance at 2.08% in the green. However, in the 30-day time frame, Realty Income Corp. (NYSE:O) is 2.33% up. Looking at the short shares, we see there were 12.48 million shares sold at short interest cover period of 1.87 days.
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 6.51% over the past 6 months, a 4.00% in annual growth rate that is considerably higher than the industry average of -0.80%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Realty Income Corp. will rise 14.70%, while the growth in revenue is estimated to hit 31.00% for the next quarter. Year-over-year growth is forecast to reach 20.60% 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 $1.2 billion. 9 analysts are of the opinion that Realty Income Corp.’s revenue for the quarter ending Jun 2024 will be $1.25 billion. The company’s revenue for the corresponding quarters a year ago was $907.67 million and $948.36 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 32.50%. The estimates for the next quarter sales put growth at 32.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.02%. The 2024 estimates are for Realty Income Corp. earnings to increase by 22.85%, 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 May 01 and May 06. The 5.73% annual yield figure for the share gives it an annual dividend of 3.07. It is important to note, however, that the 5.73% 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.
Realty Income Corp. (NYSE:O)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.14% of Realty Income Corp. shares while 72.06% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.16%. There are 72.06% institutions holding the Realty Income Corp. stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 15.05% of the shares, roughly 106.7 million O shares worth $6.38 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 8.72% or 61.84 million shares worth $3.7 billion as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jul 30, 2023 were Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. With 27.83 million shares estimated at $1.7 billion under it, the former controlled 3.93% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.96% of the shares, roughly 20.96 million shares worth around $1.25 billion.
