The stock of Realty Income Corp. (NYSE: O) has increased by 0.59 when compared to last closing price of 52.91. Despite this, the company has experienced a 6.65% gain in its stock price over the last five trading sessions. InvestorPlace reported 2023-11-20 that Many investors flock toward dividend stocks for consistent cash flow. These investors enjoy receiving passive income without having to manage real estate properties or do a lot of work.
Is It Worth Investing in Realty Income Corp. (NYSE: O) Right Now?
Realty Income Corp. (NYSE: O) has a price-to-earnings ratio that is above its average at 40.42x. and a 36-month beta value of 0.89. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 0 as “overweight,” 11 as “hold,” and 0 as “sell.”
The average price predicted for Realty Income Corp. (O) by analysts is $58.64, which is $5.42 above the current market price. The public float for O is 723.18M, and at present, short sellers hold a 1.36% of that float. On November 21, 2023, the average trading volume of O was 6.39M shares.
O’s Market Performance
O stock saw an increase of 6.65% in the past week, with a monthly gain of 7.84% and a quarterly increase of -5.50%. The volatility ratio for the week is 1.94%, and the volatility levels for the last 30 days are 2.10% for Realty Income Corp. (O). The simple moving average for the past 20 days is 6.20% for O’s stock, with a -9.18% simple moving average for the past 200 days.
Analysts’ Opinion of O
Many brokerage firms have already submitted their reports for O stocks, with Scotiabank repeating the rating for O by listing it as a “Sector Perform.” The predicted price for O in the upcoming period, according to Scotiabank is $54 based on the research report published on October 16, 2023 of the current year 2023.
O Trading at 4.63% from the 50-Day Moving Average
After a stumble in the market that brought O to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.70% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares surge +8.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.53% lower at present.
During the last 5 trading sessions, O rose by +6.65%, which changed the moving average for the period of 200-days by -21.26% in comparison to the 20-day moving average, which settled at $50.32. In addition, Realty Income Corp. saw -16.10% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at O starting from Abraham Neil, who sale 26,600 shares at the price of $65.34 back on Feb 27. After this action, Abraham Neil now owns 41,630 shares of Realty Income Corp., valued at $1,738,118 using the latest closing price.
Stock Fundamentals for O
Current profitability levels for the company are sitting at:
- +32.65 for the present operating margin
- +43.27 for the gross margin
The net margin for Realty Income Corp. stands at +26.01. The total capital return value is set at 2.39, while invested capital returns managed to touch 1.95. Equity return is now at value 3.02, with 1.74 for asset returns.
Based on Realty Income Corp. (O), the company’s capital structure generated 69.58 points at debt to equity in total, while total debt to capital is 41.03. Total debt to assets is 40.22, with long-term debt to equity ratio resting at 67.06. Finally, the long-term debt to capital ratio is 39.55.
When we switch over and look at the enterprise to sales, we see a ratio of 14.93, with the company’s debt to enterprise value settled at 0.34. The receivables turnover for the company is 3.07 and the total asset turnover is 0.07.
Conclusion
To sum up, Realty Income Corp. (O) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
