Realty Income Corporation (NYSE:O) finished Thursday with a subtraction of -$0.72 to close at $58.79, a downside of -1.21 percent. An average of 4,773,500 shares of common stock have been traded in the last five days. There was a fall of -$0.05 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 4,592,770 shares traded, while the 50-day average volume stands at 4,829,356.
O stock has decreased by -2.52% in the last month. The company shares reached their 1-month lowest point of $58.55 on 08/10/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $55.50 and a high of $75.11 in 52 weeks. It has reached a new high 10 times so far this year and lost -7.32% or -$4.64 in price. In spite of this, the price is down -21.73% from the 52-week high.
Insider Transactions
O stock investors should be aware that Realty Income Corporation (O) stock had its last reported insider trading activity 165 days ago on Feb 27. In this transaction, the insider spent $1,738,118. Director, Chapman A. Larry, disposed of 7,000 shares at a price of $67.97 on Sep 01. The insider now owns more than $475,790 worth of shares.
Valuation Metrics
Realty Income Corporation (O) has a trailing price-to-earnings (P/E) ratio of 43.78. The stock’s beta is 0.78. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 10.66, the price-to-book (PB) ratio at 1.27.
The company has a payout ratio of 223.30%. The company’s most recent quarterly dividend payment was $0.2555 a share, without any change from last year. Its latest increase dividend $0.0005 reported on Tuesday June 13 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.63 and a total debt to equity ratio of 0.63 for the quarter ending June 29. Its gross profit as reported stood at $803.89 million compared to revenue of $3.34 billion.
Earnings Surprise
For the three-month period that ended June 29, Realty Income Corporation had $2.17 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $195.42 million in the quarter, while revenues were shrunk -14.22%. The analyst consensus anticipated Realty Income Corporation’s latest quarter earnings to come in at $0.34 per share, but it turned out to be $0.29, a -14.70% surprise. For the quarter, EBITDA amounted to $669.06 million. At the end of the quarter ending June 29, Realty Income Corporation’s stock balance sheet showed total debt was $20.2 billion. Shareholders own equity worth $708.79 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Realty Income Corporation (O) price momentum. RSI 9-day as of the close on 10 August was 36.02%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.34%.
As of today, O’s price is $59.33 -0.08% or -$0.05 from its 5-day moving average. O is currently trading -3.54% lower than its 20-day SMA and -4.22% lower than its 100-day SMA. However, the stock’s current price level is -0.22% below the SMA50 and +2.01% above the SMA200.
The stochastic %K and %D were 8.98% and 13.39%, respectively, and the average true range (ATR) was 1.08. With the 14-day stochastic at 4.26% and the average true range at 1.03, the RSI (14) stands at 39.41%. The stock has reached -0.63 on the 9-day MACD Oscillator while the 14-day reading was at -1.72.
Analyst Ratings
Scotiabank upgraded Realty Income Corporation (NYSE: O) to a a Sector outperform rating in its most recent analyst report. Previously, the stock was rated as a Sector perform. The consensus rating for Realty Income Corporation (O) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell O, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.
What is O’s price target for the next 12 months?
Analysts predict a range of price targets between $61.00 and $74.00, with a median target of $69.00. Taking a look at these predictions, the average price target given by analysts for Realty Income Corporation (O) stock is $69.17.
