During the last session, Realty Income Corp. (NYSE:O)’s traded shares were 4.72 million, with the beta value of the company hitting 0.93. At the end of the trading day, the stock’s price was $53.01, reflecting an intraday gain of 0.74% or $0.39. The 52-week high for the O share is $64.18, that puts it down -21.07 from that peak though still a striking 15.05% gain since the share price plummeted to a 52-week low of $45.03. The company’s market capitalization is $45.65B, and the average intraday trading volume over the past 10 days was 5.81 million shares, and the average trade volume was 7.21 million shares over the past three months.
Realty Income Corp. (NYSE:O) trade information
Realty Income Corp. (O) registered a 0.74% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.74% in intraday trading to $53.01, hitting a weekly high. The stock’s 5-day price performance is -2.01%, and it has moved by 1.63% in 30 days. Based on these gigs, the overall price performance for the year is -15.64%. The short interest in Realty Income Corp. (NYSE:O) is 10.06 million shares and it means that shorts have 1.58 day(s) to cover.
Realty Income Corp. (O) estimates and forecasts
Statistics show that Realty Income Corp. has outperformed its competitors in share price, compared to the industry in which it operates. Realty Income Corp. (O) shares have gone up 6.94% during the last six months, with a year-to-date growth rate more than the industry average at 4.00% against -0.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 14.70% this quarter and then jump 31.00% in the quarter after that. In the rating firms’ projections, revenue will increase 20.60% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.2 billion as predicted by 9 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to $1.25 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $907.67 million and $948.36 million respectively. In this case, analysts expect current quarter sales to grow by 32.50% and then jump by 32.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -0.02%. While earnings are projected to return 22.85% in 2024, the next five years will return 22.62% per annum.
O Dividends
Realty Income Corp. is due to release its next quarterly earnings on May 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Realty Income Corp. is 3.07, with the dividend yield indicating at 5.79 percent, continuing the trend of increasing dividends in recent years.
Realty Income Corp. (NYSE:O)’s Major holders
Realty Income Corp. insiders own 0.14% of total outstanding shares while institutional holders control 72.04%, with the float percentage being 72.14%. Vanguard Group Inc is the largest shareholder of the company, while 1,495 institutions own stock in it. As of Jun 29, 2023, the company held over 106.7 million shares (or 15.05% of all shares), a total value of $6.38 billion in shares.
The next largest institutional holding, with 61.84 million shares, is of Blackrock Inc.’s that is approximately 8.72% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $3.7 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Realty Income Corp. (O) shares are Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. Data provided on Jul 30, 2023 indicates that Vanguard Specialized-Real Estate Index Fund owns about 27.83 million shares. This amounts to just over 3.93 percent of the company’s overall shares, with a $1.7 billion market value. The same data shows that the other fund manager holds slightly less at 20.96 million, or about 2.96% of the stock, which is worth about $1.25 billion.
