Realty Income Corp. (NYSE:O) shares traded 0.48% higher at $50.70 on Wall Street last session.
In accordance with the data, 16 analysts cover Realty Income Corp. (NYSE:O). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $74.00 and a low of $48.00, we find $58.00. Given the previous closing price of $50.46, this indicates a potential upside of 14.94 percent. O stock price is now -1.86% away from the 50-day moving average and -14.54% away from the 200-day moving average. The market capitalization of the company currently stands at $36.70B.
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It has been rated a hold by 10 analysts and a buy by 5. Brokers who have rated the stock have averaged $58.82 as their price target over the next twelve months.
With the price target reduced from $61 to $54, Scotiabank Downgraded its rating from Sector Outperform to Sector Perform for Realty Income Corp. (NYSE: O).
In other news, Abraham Neil, insider sold 26,600 shares of the company’s stock on Feb 27. The stock was sold for $1,738,118 at an average price of $65.34. Upon completion of the transaction, the insider now directly owns 41,630 shares in the company, valued at $2.11 million. Insiders disposed of 103,349 shares of company stock worth roughly $5.24 million over the past 1 year. A total of 0.11% of the company’s stock is owned by insiders.
Realty Income Corp. (NYSE: O) opened at $50.85 on Tuesday. During the past 12 months, Realty Income Corp. has had a low of $45.03 and a high of $68.85. According to the stock market information, the enterprise value for the company is $56.64B, which is based on a 37.76 price-to-earnings ratio, a 1.67 price-to-earnings-growth ratio, and a beta of 0.87. The fifty day moving average price for O is $51.66 and a two-hundred day moving average price translates $59.33 for the stock.
The latest earnings results from Realty Income Corp. (NYSE: O) was released for Sep, 2023. According to the REIT – Retail Company, earnings per share came in at $0.29, missing analysts’ expectations of $0.34 by -0.05. This compares to $0.37 EPS in the same period last year. The net profit margin was 23.50% and return on equity was 3.02% for O. The company reported revenue of $1.02 billion for the quarter, compared to $810.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.76 percent. For the current quarter, analysts expect O to generate $1B in revenue.
Realty Income Corp.(O) Company Profile
Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust (“REIT”), and its monthly dividends are supported by the cash flow from over 13,100 real estate properties primarily owned under long-term net lease agreements with commercial clients. To date, the company has declared 637 consecutive monthly dividends on its shares of common stock throughout its 54-year operating history and increased the dividend 121 times since Realty Income’s public listing in 1994 (NYSE: O).
