Realty Income Corporation (NYSE:O) finished Thursday with a subtraction of -$0.75 to close at $56.36, a downside of -1.31 percent. An average of 4,919,800 shares of common stock have been traded in the last five days. There was a fall of -$0.52 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 5,227,135 shares traded, while the 50-day average volume stands at 5,005,334.
O stock has decreased by -11.59% in the last month. The company shares reached their 1-month lowest point of $55.96 on 08/21/23. 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 $71.18 in 52 weeks. It has reached a new high 10 times so far this year and lost -11.15% or -$7.07 in price. In spite of this, the price is down -20.82% from the 52-week high.
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Insider Transactions
O stock investors should be aware that Realty Income Corporation (O) stock had its last reported insider trading activity 179 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 41.93. The stock’s beta is 0.79. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 10.82, the price-to-book (PB) ratio at 1.22.
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 24 August was 31.16%, suggesting the stock is Neutral, with historical volatility in this time frame at 13.01%.
As of today, O’s price is $56.58 -0.91% or -$0.52 from its 5-day moving average. O is currently trading -9.37% lower than its 20-day SMA and -10.99% lower than its 100-day SMA. However, the stock’s current price level is -7.89% below the SMA50 and -10.55% below the SMA200.
The stochastic %K and %D were 14.88% and 11.94%, respectively, and the average true range (ATR) was 0.91. With the 14-day stochastic at 9.46% and the average true range at 0.93, the RSI (14) stands at 33.44%. The stock has reached -0.30 on the 9-day MACD Oscillator while the 14-day reading was at -1.12.
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 $68.00. Taking a look at these predictions, the average price target given by analysts for Realty Income Corporation (O) stock is $68.63.
