Realty Income Corporation (O) Stock: Should Investors Follow These Insider Trades?

Realty Income Corporation (NYSE:O) saw an upside of 0.83% to close Monday at $67.76 after adding $0.56 on the day. The 5-day average trading volume is 2,944,880 shares of the company’s common stock. It has gained $68.74 in the past week. An average of 3,872,880 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,445,446.

O’s 1-month performance is -0.24% or -$0.16 on its low of $64.86 reached on 09/30/21. The company’s shares have touched a 52-week low of $57.00 and high of $72.75, with the stock’s rally to the 52-week high happening on 09/01/21. YTD, O has achieved 8.99% or $5.59. However, the current price is down -6.86%% from the 52-week high price.


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Insider Transactions

On Jun 11, 123 days have gone by since the last insider trading activity for Realty Income Corporation (O). MERRIMAN RONALD (Director) most recently sold 4,000 shares at $70.05 per share on Jun 11. This transaction cost the insider $280,200. Director, McLaughlin Gregory, sold 2,000 shares at a price of $70.55 on Jun 11. Then, on Dec 16, Director Chapman A. Larry sold 9,000 shares at a price of $61.40 per share. This transaction amounted to $552,600.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 73.41 and a low of 29.86. O stock has a beta of 0.75. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 15.39 while the price-to-book (PB) in the most recent quarter is 2.14, with the price to cash flow ratio at 166.32.

Realty Income Corporation pays an annual dividend of $2.83 per share. Its dividend yield is 4.18% and the payout ratio is 282.00%. O paid $0.2360 a share compared with prior rate of $0.2355, up 0.21% from last year’s. The company has boosted its dividend for the last 27 consecutive years with the latest dividend increase of $0.0005 reported on Tuesday September 14 2021. Measured over the last 3 years, the Dividend has been growing by 10.41% yearly.

It is projected that Realty Income Corporation’s next ex-dividend date will be on 29-Oct-2021. O is expected to distribute $0.236 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.77, while the total debt to equity was 0.77. In terms of profitability, the gross margin trailing 12 months is 93.50%. while for the period ending June 29; Realty Income Corporation’s operating margin was 18.70%. The firm’s gross profit as reported stood at $330.38 million against revenue of $1.65 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 10.69% to $464.28 million, while revenue of $442.8 million was 4.63% off the previous quarter. Analysts expected O to announce $0.37 per share in earnings in its latest quarter, but it posted $0.33, representing a -10.80% surprise. EBITDA for the quarter stood at more than $313.45 million. O stock balance sheet for the quarter ending June 29 shows that, with total debt at $9.35 billion. Shareholders hold equity totaling $389.39 million

Technical Picture

Let’s look briefly at Realty Income Corporation (O) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 54.48% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.37%.

The stock’s 5-day moving average is $67.36, reflecting a +1.89% or $1.26 change from its current price. O is currently trading -1.12% above its 20-day SMA, +3.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -3.60% and +12.07% respectively.

Stochastic %K and %D was 70.45% and 65.97% and the average true range (ATR) pointed at 1.13. The RSI (14) points at 49.79%, while the 14-day stochastic is at 74.74% with the period’s ATR at 1.13. The stock’s 9-day MACD Oscillator is pointing at 0.92 and 0.97 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Realty Income Corporation (NYSE: O), RBC Capital Mkts launched coverage with an Outperform rating. Analysts offering their rating for O stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate O as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 10 have offered a “buy” rating.

What is O’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $70.00 and a high of $86.00, with their median price target at $79.00. Looking at these predictions, the average price target given by analysts is for Realty Income Corporation (O) stock is $78.31.

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