Realty Income Corp. (NYSE: O) has a higher price-to-earnings ratio of 42.11x compared to its average ratio, The 36-month beta value for O is at 0.93. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 3 rating it as “overweight,” 12 as “hold,” and 2 as “sell.”
The public float for O is 860.14M, and currently, shorts hold a 1.31% of that float. The average trading volume for O on April 22, 2024 was 7.03M shares.
O) stock’s latest price update
The stock price of Realty Income Corp. (NYSE: O) has surged by 1.94 when compared to previous closing price of 52.03, but the company has seen a 1.96% gain in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-21 that Realty Income is one of the most rock-solid REITs in the world. The stock has been beaten down lately by its interest rate sensitivity – not because anything is wrong with the business.
O’s Market Performance
Realty Income Corp. (O) has experienced a 1.96% rise in stock performance for the past week, with a 1.14% rise in the past month, and a -6.16% drop in the past quarter. The volatility ratio for the week is 1.79%, and the volatility levels for the past 30 days are at 1.52% for O. The simple moving average for the last 20 days is 0.83% for O stock, with a simple moving average of -2.75% for the last 200 days.
Analysts’ Opinion of O
Many brokerage firms have already submitted their reports for O stocks, with BMO Capital Markets repeating the rating for O by listing it as a “Market Perform.” The predicted price for O in the upcoming period, according to BMO Capital Markets is $57 based on the research report published on February 13, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see O reach a price target of $63. The rating they have provided for O stocks is “Outperform” according to the report published on December 13th, 2023.
Mizuho gave a rating of “Buy” to O, setting the target price at $58 in the report published on December 11th of the previous year.
O Trading at 1.05% 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 -17.36% of loss for the given period.
Volatility was left at 1.52%, however, over the last 30 days, the volatility rate increased by 1.79%, as shares surge +1.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.60% lower at present.
During the last 5 trading sessions, O rose by +1.96%, which changed the moving average for the period of 200-days by -12.52% in comparison to the 20-day moving average, which settled at $52.63. In addition, Realty Income Corp. saw -7.63% 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 Chapman A. Larry, who sale 5,000 shares at the price of $54.23 back on Apr 09 ’24. After this action, Chapman A. Larry now owns 6,257 shares of Realty Income Corp., valued at $271,150 using the latest closing price.
Chapman A. Larry, the Director of Realty Income Corp., sale 3,500 shares at $56.98 during a trade that took place back on Dec 18 ’23, which means that Chapman A. Larry is holding 10,590 shares at $199,436 based on the most recent closing price.
Stock Fundamentals for O
Current profitability levels for the company are sitting at:
- 0.43 for the present operating margin
- 0.92 for the gross margin
The net margin for Realty Income Corp. stands at 0.21. The total capital return value is set at 0.03. Equity return is now at value 2.83, with 1.62 for asset returns.
Based on Realty Income Corp. (O), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is 2.34.
Currently, EBITDA for the company is 3.69 billion with net debt to EBITDA at 5.93. When we switch over and look at the enterprise to sales, we see a ratio of 16.53. The receivables turnover for the company is 1.57for trailing twelve months and the total asset turnover is 0.07.
Conclusion
In conclusion, Realty Income Corp. (O) has had a mixed performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others 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.
