In yesterday’s Wall Street session, Realty Income Corp. (NYSE:O) shares traded at $52.24, up 0.19% from the previous session.
O stock price is now -1.06% away from the 50-day moving average and -4.65% away from the 200-day moving average. The market capitalization of the company currently stands at $44.98B.
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 5,000 shares of the company’s stock on Apr 09 ’24. The stock was sold for $271,150 at an average price of $54.23. Upon completion of the transaction, the Director now directly owns 6,257 shares in the company, valued at $0.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 18 ’23, Director Chapman A. Larry sold 3,500 shares of the business’s stock. A total of $199,436 was realized by selling the stock at an average price of $56.98. This leaves the insider owning 10,590 shares of the company worth $0.55 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 $66.74B, which is based on a 41.48 price-to-earnings ratio, a 1.83 price-to-earnings-growth ratio, and a beta of 0.93. The fifty day moving average price for O is $52.74 and a two-hundred day moving average price translates $54.75 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.
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 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients. To date, the company has declared 644 consecutive monthly dividends on its shares of common stock throughout its 55-year operating history and increased the dividend 123 times since Realty Income’s public listing in 1994 (NYSE: O).
