Realty Income Corp. (NYSE:O) – Analysts See The Stock Differently Today

In the last trading session, 4.85 million shares of the Realty Income Corp. (NYSE:O) were traded, and its beta was 0.92. Most recently the company’s share price was $53.46, and it changed around -$0.64 or -1.18% from the last close, which brings the market valuation of the company to $46.04B. O currently trades at a discount to its 52-week high of $64.18, offering almost -20.05% off that amount. The share price’s 52-week low was $45.03, which indicates that the current value has risen by an impressive 15.77% since then. We note from Realty Income Corp.’s average daily trading volume that its 10-day average is 5.98 million shares, with the 3-month average coming to 7.28 million.

Realty Income Corp. stock received a consensus recommendation rating of Hold, based on a mean score of 2.16. If we narrow it down even further, the data shows that 2 out of 19 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 12 recommended O as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. Realty Income Corp. is expected to report earnings per share of $0.39 for the current quarter.

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Realty Income Corp. (NYSE:O) trade information

Instantly O has showed a red trend with a performance of -1.18% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -6.90% year-to-date, but still up 2.65% over the last five days. On the other hand, Realty Income Corp. (NYSE:O) is 2.59% up in the 30-day period. We can see from the shorts that 10.06 million shares have been sold at a short interest cover period of 1.58 day(s).

The consensus price target as assigned by Wall Street analysts is $77.25, which translates to bulls needing to increase their stock price by 30.8% from its current value. Analyst projections state that O is forecast to be at a low of $71 and a high of $84.

Realty Income Corp. (O) estimates and forecasts

Realty Income Corp. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 7.74 percent over the past six months and at a 4.00% annual growth rate that is well above the industry average of -0.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 14.70% in revenue this quarter, and will report an increase of 31.00% in the next quarter. The year-over-year growth rate is expected to be 20.60%, up from the previous year.

Consensus estimates provided by 9 financial analysts predict the company will bring in an average of $1.2 billion in revenue for the current quarter. 9 analysts expect Realty Income Corp. to make $1.25 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $907.67 million and $948.36 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 32.50%. Forecasts for the next quarter put sales growth at 32.10%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.02%. Realty Income Corp. earnings are expected to increase by 22.85% in 2024, but the outlook is positive 22.62% per year for the next five years.

O Dividends

Realty Income Corp.’s next quarterly earnings report is expected to be released around May 01 and May 06. The annual dividend yield of the stock is 5.74 percent and its annual dividend per share was 3.07. It is important to note, however, that the 5.74% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

Realty Income Corp. (NYSE:O)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.14% of Realty Income Corp. shares, and 72.05% of them are in the hands of institutional investors. The stock currently has a share float of 72.15%. Realty Income Corp. stock is held by 1,515 institutions, with Vanguard Group Inc being the largest institutional investor. By Jun 29, 2023, it held 15.05% of the shares, which is about 106.7 million shares worth $6.38 billion.

Blackrock Inc., with 8.72% or 61.84 million shares worth $3.7 billion as of Jun 29, 2023, holds the second largest percentage of outstanding shares.

Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jul 30, 2023. The former held 27.83 million shares worth $1.7 billion, making up 3.93% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 20.96 million shares worth around $1.25 billion, which represents about 2.96% of the total shares outstanding.