As of Thursday close, Realty Income Corporation’s (NYSE:O) stock was up $0.01, moving up 0.02 percent to $56.88. The average number of shares traded per day over the past five days has been 5,541,900 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.91 fall in that time frame. In the last twenty days, the average volume was 4,982,830, while in the previous 50 days, it was 4,861,532.
Since last month, O stock retreated -7.86%. Shares of the company fell to $56.82 on 08/16/23, the lowest level in the past month. A 52-week high of $73.95 was reached on 02/02/23 after having rallying from a 52-week low of $55.50. Since the beginning of this year, O’s stock price has dropped by -10.33% or -$6.55, and marked a new high 10 times. However, the stock has declined by -23.08% since its 52-week high.
O stock investors should be aware that Realty Income Corporation (O) stock had its last reported insider trading activity 172 days ago on Feb 27. Abraham Neil, the of the company, disposed of 26,600 shares for $65.34 on Feb 27. It resulted in a $1,738,118 divestment by the insider. Chapman A. Larry sold 7,000 shares at an average price of $67.97 on Sep 01. The insider now owns 10,090 shares following the transaction.
Valuation Metrics
Right now, Realty Income Corporation (O) has a P/E ratio of about 42.32. The stock’s beta is 0.79. Besides these, the trailing price-to-sales (P/S) ratio of 10.96, the price-to-book (PB) ratio of 1.23.
The latest dividend of $0.2555 per share was paid out, remained unchanged from last year’s $0.2555.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.63, and the total debt-to-equity ratio was 0.63. On the profitability front, the trailing twelve-month gross margin is 92.30% percent. In the year ended June 29, operating margins totaled 22.70%. Based on annual data, O earned $803.89 million in gross profit and brought in $3.34 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.60%. Return on equity (ROE) for the past 12 months was 3.00%.
In Realty Income Corporation’s quarter-end financial report for June 29, it reported total debt of $2.17 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. O’s revenue rose 20.49% to $944.4 million during the quarter, while net income inched up to $1.02 billion. While analysts expected Realty Income Corporation to report $0.34 quarterly earnings, the actual figure was $0.29 per share, beating the consensus estimate by -14.70%. During the quarter, the company generated $669.06 million in EBITDA. The value of shareholders’ equity is $708.79 million.
Technical Picture
This quick technical analysis looks at Realty Income Corporation’s (O) price momentum. With a historical volatility rate of 15.72%, the RSI 9-day stood at 25.26% on 17 August.
With respect to its five-day moving average, the current Realty Income Corporation price is down by -3.25% percent or -$1.91. At present, O shares trade -9.17% below its 20-day simple moving average and -6.82% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.22% below its SMA50 and -8.71% below its SMA200.
Stochastic coefficient K was 3.39% and Stochastic coefficient D was 3.98%, while ATR was 0.95. Given the Stochastic reading of 1.27% for the 14-day period, the RSI (14) reading has been calculated as 31.21%. As of today, the MACD Oscillator reading stands at -1.29, while the 14-day reading stands at -1.89.
Analyst Ratings
Scotiabank upgraded its rating on Realty Income Corporation (NYSE: O) to a Sector outperform in a note to investors on April 12, 2023. The analysts firm previously had a Sector perform rating on the stock.Realty Income Corporation (O) has been rated Overweight by analysts. According to 0 brokerage firms, O is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Realty Income Corporation stock as buy, with 7 recommending it as overweight.
With a median target price of $68.00, the current consensus forecast for the stock is $61.00 – $74.00. Based on these forecasts, analysts predict Realty Income Corporation (O) will achieve an average price target of $68.63.
