In yesterday’s Wall Street session, Realty Income Corp (NYSE:O) shares traded at $56.06, down -0.20% from the previous session.
O stock price is now -6.47% away from the 50-day moving average and -1.18% away from the 200-day moving average. The market capitalization of the company currently stands at $49.06B.
With the price target reduced from $64 to $60, Mizuho Downgraded its rating from Outperform to Neutral for Realty Income Corp (NYSE: O). On August 28, 2024, Stifel reiterated its ‘Buy’ rating on the stock by increasing its target price from $67.50 to quote $70.25, while ‘Wedbush’ rates the stock as ‘Neutral’
In other news, McLaughlin Gregory, Director sold 1,250 shares of the company’s stock on Dec 03 ’24. The stock was sold for $70,212 at an average price of $56.17. Upon completion of the transaction, the Director now directly owns 34,636 shares in the company, valued at $1.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 03 ’24, Director McLaughlin Gregory bought 1,250 shares of the business’s stock. A total of $70,212 was incurred on buying the stock at an average price of $56.17. A total of 0.11% of the company’s stock is owned by insiders.
During the past 12 months, Realty Income Corp has had a low of $50.65 and a high of $64.88. According to the stock market information, the enterprise value for the company is $75524759552, which is based on a 53.34 price-to-earnings ratio, a 13.72 price-to-earnings-growth ratio, and a beta of 0.99. The fifty day moving average price for O is $60.072 and a two-hundred day moving average price translates $56.71475 for the stock.
The latest earnings results from Realty Income Corp (NYSE: O) was released for 2024-09-30. The net profit margin was 17.17% and return on equity was 2.51% for O. The company reported revenue of $1.33 billion for the quarter, compared to $1.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.08 percent.
