Realty Income Corp. (NYSE:O) finished Thursday with a subtraction of -$0.04 to close at $49.62, a downside of -0.08 percent. An average of 5,757,400 shares of common stock have been traded in the last five days. There was a fall of -$2.44 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 5,960,155 shares traded, while the 50-day average volume stands at 5,548,534.
O stock has decreased by -12.13% in the last month. The company shares reached their 1-month lowest point of $49.38 on 09/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $49.38 and a high of $68.85 in 52 weeks. It has reached a new high 10 times so far this year and lost -21.77% or -$13.81 in price. In spite of this, the price is down -27.93% from the 52-week high.
Insider Transactions
O stock investors should be aware that Realty Income Corp. (O) stock had its last reported insider trading activity 214 days ago on Feb 27.
Valuation Metrics
Realty Income Corp. (O) has a trailing price-to-earnings (P/E) ratio of 36.95. The stock’s beta is 0.81. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 9.53, the price-to-book (PB) ratio at 1.13, and the price-to-cash flow ratio at 13.13.
The company has a payout ratio of 209.06%. The company’s most recent quarterly dividend payment was $0.2560 a share, representing a up of 0.2% from $0.2555 last year.
Financial Health
Further, the company has a long term debt to equity ratio of 0.69 and a total debt to equity ratio of 0.69 for the quarter ending June 29. Its gross profit as reported stood at $803.89 million compared to revenue of $3.34 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Realty Income Corp.’s return on assets was 1.75%.
Earnings Surprise
For the three-month period that ended June 29, Realty Income Corp. 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 Corp.’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 Corp.’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 Corp. (O) price momentum. RSI 9-day as of the close on 28 September was 8.12%, suggesting the stock is oversold, with historical volatility in this time frame at 14.42%.
As of today, O’s price is $50.46 -4.69% or -$2.44 from its 5-day moving average. O is currently trading -12.27% lower than its 20-day SMA and -21.18% lower than its 100-day SMA. However, the stock’s current price level is -19.62% below the SMA50 and -23.01% below the SMA200.
The stochastic %K and %D were 4.55% and 4.85%, respectively, and the average true range (ATR) was 0.89. With the 14-day stochastic at 3.90% and the average true range at 0.86, the RSI (14) stands at 13.56%. The stock has reached -1.92 on the 9-day MACD Oscillator while the 14-day reading was at -3.04.
Analyst Ratings
Wells Fargo launched coverage on Realty Income Corp. (NYSE: O) in its analyst report released on September 21, 2023. The firm assigned the stock an Equal weight rating. The consensus rating for Realty Income Corp. (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 9 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 $59.00 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 Corp. (O) stock is $67.43.
