In today’s recent session, 1.69 million shares of the Realty Income Corp (NYSE:O) have been traded, and its beta is 0.99. Most recently the company’s share price was $55.51, and it changed around -$0.27 or -0.48% from the last close, which brings the market valuation of the company to $48.58B. O at last check was trading at a discount to its 52-week high of $64.88, offering almost -16.88% off that amount. The share price’s 52-week low was $50.65, which indicates that the recent value has risen by an impressive 8.76% since then. We note from Realty Income Corp’s average daily trading volume that its 10-day average is 3.94 million shares, with the 3-month average coming to 4.64 million.
Realty Income Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.39. If we narrow it down even further, the data shows that 0 out of 22 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 14 recommended O as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Realty Income Corp is expected to report earnings per share of 0.4 for the current quarter.
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Realty Income Corp (NYSE:O) trade information
Instantly O has been showing red trend so far today with a performance of -0.48% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 56.68 on recent trading dayincreased the stock’s daily price by 2.06%. The company’s shares are currently down -3.33% year-to-date, but still down -1.18% over the last five days. On the other hand, Realty Income Corp (NYSE:O) is -3.71% down in the 30-day period. We can see from the shorts that 18.72 million shares have been sold at a short interest cover period of 3.65 day(s).
The consensus price target as assigned by Wall Street analysts is $64, which translates to bulls needing to increase their stock price by 13.27% from its current value. Analyst projections state that O is forecast to be at a low of $58 and a high of $70.25.
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 5.35 percent over the past six months and at a 5.00% annual growth rate that is well above the industry average of -0.80%. The year-over-year growth rate is expected to be 26.19%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 1.28B in revenue for the current quarter. 5 analysts expect Realty Income Corp to make 1.29B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.03B and 1.21B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 23.97%. Forecasts for the next quarter put sales growth at 6.58%.
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 -6.50% in 2024, but the outlook is positive 3.89% per year for the next five years.
O Dividends
Realty Income Corp’s next quarterly earnings report is expected to be released in January. The annual dividend yield of the stock is 5.17 percent and its annual dividend per share was 2.87. It is important to note, however, that the 5.17% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.75 per year.
Realty Income Corp (NYSE:O)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.11% of Realty Income Corp shares, and 81.20% of them are in the hands of institutional investors. The stock currently has a share float of 81.28%. Realty Income Corp stock is held by 1612.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 16.5842% of the shares, which is about 138.47 million shares worth $7.31 billion.
BLACKROCK INC., with 9.9758% or 83.29 million shares worth $4.4 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
