Realty Income Corp. (O): A Technical Analysis

Realty Income Corp. (NYSE: O) has a higher price-to-earnings ratio of 59.08x compared to its average ratio. O has 36-month beta value of 0.99. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 12 as “hold,” and 2 as “sell.”

The public float for O is 869.93M, and currently, short sellers hold a 2.22% ratio of that float. The average trading volume of O on October 22, 2024 was 4.65M shares.

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O) stock’s latest price update

The stock price of Realty Income Corp. (NYSE: O) has dropped by -1.42 compared to previous close of 64.71. Despite this, the company has seen a gain of 2.70% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-21 that Realty Income, a real estate investment trust that primarily leases freestanding, single tenant, triple-net-leased retail properties, is now a $54 billion (by market cap) real estate titan. Top tenants include the likes of 7-Eleven and FedEx. Realty Income has increased its dividend for 31 consecutive years, with a 10-year dividend growth rate of 3.6%.

O’s Market Performance

O’s stock has risen by 2.70% in the past week, with a monthly rise of 3.50% and a quarterly rise of 10.96%. The volatility ratio for the week is 1.66% while the volatility levels for the last 30 days are 1.39% for Realty Income Corp. The simple moving average for the past 20 days is 1.74% for O’s stock, with a 13.49% simple moving average for the past 200 days.

Analysts’ Opinion of O

Many brokerage firms have already submitted their reports for O stocks, with Stifel repeating the rating for O by listing it as a “Buy.” The predicted price for O in the upcoming period, according to Stifel is $70.25 based on the research report published on August 28, 2024 of the current year 2024.

Morgan Stanley gave a rating of “Equal-Weight” to O, setting the target price at $62 in the report published on August 06th of the current year.

O Trading at 2.79% 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 -1.51% of loss for the given period.

Volatility was left at 1.39%, however, over the last 30 days, the volatility rate increased by 1.66%, as shares surge +2.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.32% upper at present.

During the last 5 trading sessions, O rose by +2.70%, which changed the moving average for the period of 200-days by +10.57% in comparison to the 20-day moving average, which settled at $62.70. In addition, Realty Income Corp. saw 11.09% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at O starting from Preusse Mary Hogan, who sale 1,712 shares at the price of $62.58 back on Sep 11 ’24. After this action, Preusse Mary Hogan now owns 26,579 shares of Realty Income Corp., valued at $107,128 using the latest closing price.

Mary Hogan Preusse, the Director of Realty Income Corp., proposed sale 1,712 shares at $62.50 during a trade that took place back on Sep 11 ’24, which means that Mary Hogan Preusse is holding shares at $107,000 based on the most recent closing price.

Stock Fundamentals for O

Current profitability levels for the company are sitting at:

  • 0.44 for the present operating margin
  • 0.68 for the gross margin

The net margin for Realty Income Corp. stands at 0.18. The total capital return value is set at 0.03. Equity return is now at value 2.41, with 1.38 for asset returns.

Based on Realty Income Corp. (O), the company’s capital structure generated 0.39 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 0.64. The interest coverage ratio of the stock is 2.32.

Currently, EBITDA for the company is 3.69 billion with net debt to EBITDA at 5.87. When we switch over and look at the enterprise to sales, we see a ratio of 17.02. The receivables turnover for the company is 1.56for trailing twelve months and the total asset turnover is 0.07.

Conclusion

To put it simply, Realty Income Corp. (O) has had a better performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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