Realty Income Corporation (NYSE:O) saw an upside of 0.25% to close Tuesday at $67.10 after adding $0.17 on the day. The 5-day average trading volume is 2,566,780 shares of the company’s common stock. It has gained $67.45 in the past week and touched a new high 3 times within the past 5 days. An average of 3,203,120 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,945,802.
O’s 1-month performance is 4.45% or $2.69 on its low of $62.74 reached on 12/30/22. The company’s shares have touched a 52-week low of $55.50 and high of $75.40, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, O has achieved 5.79% or $3.67 and has reached a new high 7 times. However, the current price is down -11.01% from the 52-week high price.
O stock investors last saw insider trading activity on Sep 01.Chapman A. Larry (Director) most recently sold 7,000 shares at $67.97 per share on Sep 01. This transaction cost the insider $475,790.
O stock has a beta of 0.79. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 13.20 while the price-to-book (PB) in the most recent quarter is 1.55, with the price to cash flow ratio at 83.21.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.61, while the total debt to equity was 0.61.. In terms of profitability, the gross margin trailing 12 months is 93.60%. The firm’s gross profit as reported stood at $324.84 million against revenue of $2.08 billion.
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 38.52% to $219.57 million, while revenue of $223.21 million was -1.66% off the previous quarter. Analysts expected O to announce $0.38 per share in earnings in its latest quarter, but it posted $0.37, representing a -2.60% surprise. EBITDA for the quarter stood at more than $617.93 million. Shareholders hold equity totaling $627.15 million.
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 24 January was 63.82% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.55%.
The stock’s 5-day moving average is $66.35, reflecting a +0.31% or $0.21 change from its current price. O is currently trading +5.75% above its 20-day SMA, -2.71% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.09% and SMA200 by-6.52%.
Stochastic %K and %D was 88.15% and 78.34% and the average true range (ATR) pointed at 1.22. The RSI (14) points at 61.26%, while the 14-day stochastic is at 91.97% with the period’s ATR at 1.24. The stock’s 9-day MACD Oscillator is pointing at 0.43 and 1.21 on the 14-day charts.
In the most recent analyst report for Realty Income Corporation (NYSE: O), Exane BNP Paribas launched coverage with a Neutral 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 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 7 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 $64.00 and a high of $74.00, with their median price target at $71.00. Looking at these predictions, the average price target given by analysts is for Realty Income Corporation (O) stock is $70.13.