The stock of Realty Income Corp. (NYSE:O) last traded at $52.91, down -0.34% from the previous session.
Data from the available sources indicates that Realty Income Corp. (NYSE:O) is covered by 16 analysts. 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 $53.09, this indicates a potential upside of 9.25 percent. O stock price is now 3.92% away from the 50-day moving average and -9.82% away from the 200-day moving average. The market capitalization of the company currently stands at $38.30B.
In total, 11 analysts have assigned it a hold rating, and 5 have given it a buy rating. Brokers who have rated the stock have averaged $58.64 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 $2.2 million. Insiders disposed of 102,993 shares of company stock worth roughly $5.45 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
With an opening price of $53.43 on Friday morning, Realty Income Corp. (NYSE: O) set off the trading day. 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 $58.88B, which is based on a 40.19 price-to-earnings ratio, a 1.78 price-to-earnings-growth ratio, and a beta of 0.89. The fifty day moving average price for O is $50.87 and a two-hundred day moving average price translates $58.60 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 $0.33, beating analysts’ expectations of $0.31 by 0.02. This compares to $0.36 EPS in the same period last year. The net profit margin was 22.64% and return on equity was 3.02% for O. The company reported revenue of $1.04 billion for the quarter, compared to $837.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.11 percent. For the current quarter, analysts expect O to generate $1.03B 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 13,250 real estate properties primarily owned under long-term net lease agreements with commercial clients. To date, the company has declared 640 consecutive monthly dividends on its shares of common stock throughout its 54-year operating history and increased the dividend 122 times since Realty Income’s public listing in 1994 (NYSE: O).
