In yesterday’s Wall Street session, Realty Income Corp. (NYSE:O) shares traded at $52.77, down -0.19% from the previous session.
O stock price is now -0.56% away from the 50-day moving average and -4.06% away from the 200-day moving average. The market capitalization of the company currently stands at $45.44B.
With the price target of $57, BMO Capital Markets recently initiated with Market Perform rating for Realty Income Corp. (NYSE: O). On December 13, 2023, Exane BNP Paribas Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock keeping its target price maintained at $63, while ‘Mizuho’ rates the stock as ‘Buy’
In other news, Chapman A. Larry, Director sold 3,500 shares of the company’s stock on Dec 18 ’23. The stock was sold for $199,436 at an average price of $56.98. Upon completion of the transaction, the Director now directly owns 10,590 shares in the company, valued at $0.56 million. A total of 0.12% of the company’s stock is owned by insiders.
During the past 12 months, Realty Income Corp. has had a low of $45.03 and a high of $64.18. According to the stock market information, the enterprise value for the company is $67.28B, which is based on a 41.90 price-to-earnings ratio, a 1.85 price-to-earnings-growth ratio, and a beta of 0.93. The fifty day moving average price for O is $53.01 and a two-hundred day moving average price translates $54.96 for the stock.
The latest earnings results from Realty Income Corp. (NYSE: O) was released for Dec, 2023. According to the REIT – Retail Company, earnings per share came in at $0.3, missing analysts’ expectations of $0.32 by -0.02. This compares to $0.35 EPS in the same period last year. The net profit margin was 21.30% and return on equity was 2.83% for O. The company reported revenue of $1.08 billion for the quarter, compared to $888.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.11 percent. For the current quarter, analysts expect O to generate $1.2B in revenue.
