In the latest trading session, 0.73 million Realty Income Corp. (NYSE:O) shares changed hands as the company’s beta touched 0.98. With the company’s most recent per share price at $61.96 changed hands at -$0.85 or -1.35% at last look, the market valuation stands at $53.96B. O’s current price is a discount, trading about -2.31% off its 52-week high of $63.39. The share price had its 52-week low at $45.03, which suggests the last value was 27.32% up since then. When we look at Realty Income Corp.’s average trading volume, we note the 10-day average is 4.14 million shares, with the 3-month average coming to 4.92 million.
Analysts gave the Realty Income Corp. (O) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.27. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended O as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Realty Income Corp.’s EPS for the current quarter is expected to be 0.38.
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Realty Income Corp. (NYSE:O) trade information
Instantly O was in red as seen in intraday trades today. With action -1.19%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 7.91%, with the 5-day performance at -1.19% in the red. However, in the 30-day time frame, Realty Income Corp. (NYSE:O) is 2.74% up. Looking at the short shares, we see there were 16.19 million shares sold at short interest cover period of 3.0 days.
The consensus price target for the stock as assigned by Wall Street analysts is 67.12, meaning bulls need an upside of 7.69% from its recent market value. According to analyst projections, O’s forecast low is 58 with 84 as the target high. To hit the forecast high, the stock’s price needs a -35.57% plunge from its current level, while the stock would need to tank 6.39% for it to hit the projected low.
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 17.17% over the past 6 months, a 5.50% in annual growth rate that is considerably higher than the industry average of -0.80%. Year-over-year growth is forecast to reach 24.70% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 1.28B. 12 analysts are of the opinion that Realty Income Corp.’s revenue for the current quarter will be 1.3B. The company’s revenue for the corresponding quarters a year ago was 1.04B and 1.08B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 22.90%. The estimates for the next quarter sales put growth at 20.70%.
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 0.61%, 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 on 2024-Nov-04. The 4.59% annual yield figure for the share gives it an annual dividend of 2.85. It is important to note, however, that the 4.59% 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. During the past 5 years, the average dividend yield was 4.66 per year.
Realty Income Corp. (NYSE:O)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.11% of Realty Income Corp. shares while 78.67% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 78.76%. There are 78.67% institutions holding the Realty Income Corp. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 16.5842% of the shares, roughly 138.47 million O shares worth $7.31 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 9.9758% or 83.29 million shares worth $4.4 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Apr 30, 2024 were Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. With 33.97 shares estimated at $2.11 billion under it, the former controlled 3.90% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.16% of the shares, roughly 27.54 shares worth around $1.71 billion.
