Realty Income Corporation (NYSE: O) is -0.11% lower on its value in year-to-date trading and has touched a low of $38.00 and a high of $84.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The O stock was last observed hovering at around $61.09 in the last trading session, with the day’s gains setting it 1.01% off its average median price target of $68.50 for the next 12 months. It is also 21.39% off the consensus price target high of $79.00 offered by 16 analysts, but current levels are 1.43% higher than the price target low of $63.00 for the same period.
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Currently trading at $62.10, the stock is 1.78% and 2.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.55 million and changing 1.65% at the moment leaves the stock 3.22% off its SMA200. O registered -24.67% loss for a year compared to 6-month loss of 1.79%. The firm has a 50-day simple moving average (SMA 50) of $60.19 and a 200-day simple moving average (SMA200) of $61.18.
The stock witnessed a 5.09% gain in the last 1 month and extending the period to 3 months gives it a 1.49%, and is -0.58% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.85% over the week and 1.85% over the month.
Realty Income Corporation (O) has around 194 employees, a market worth around $23.12B and $1.63B in sales. Current P/E ratio is 51.41 and Fwd P/E is 44.64. Profit margin for the company is 24.90%. Distance from 52-week low is 63.42% and -26.87% from its 52-week high. The company has generated returns on investments over the last 12 months (2.30%).
Realty Income Corporation (O) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Realty Income Corporation (O) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 2.20, where 5 rate it as a Hold and 0 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Realty Income Corporation is expected to release its quarterly report on 04/27/2021 and quarterly earnings per share for the current quarter are estimated at $0.28 with sales reaching $419.72M over the same period.The EPS is expected to grow by 10.10% this year, but quarterly earnings will post 6.00% year-over-year. Quarterly sales are estimated to grow 1.80% in year-over-year returns.
Realty Income Corporation (O) Top Institutional Holders
1,057 institutions hold shares in Realty Income Corporation (O), with 568.6k shares held by insiders accounting for 0.16% while institutional investors hold 75.72% of the company’s shares. The shares outstanding are 373.38M, and float is at 350.31M with Short Float at 2.67%. Institutions hold 75.60% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 54.3 million shares valued at $3.3 billion. The investor’s holdings represent 14.54% of the O Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 34.28 million shares valued at $2.13 billion to account for 9.18% of the shares outstanding. The other top investors are State Street Corporation which holds 24.65 million shares representing 6.60% and valued at over $1.5 billion, while Bank of America Corporation holds 2.68% of the shares totaling 9.99 million with a market value of $621.08 million.
Realty Income Corporation (O) Insider Activity
A total of 16 insider transactions have happened at Realty Income Corporation (O) in the last six months, with sales accounting for 12 and purchases happening 4 times. The most recent transaction is an insider purchase by Huskins Priya Cherian, the company’s Director. SEC filings show that Huskins Priya Cherian bought 9 shares of the company’s common stock on Jan 12 at a price of $57.43 per share for a total of $517.0. Following the purchase, the insider now owns 31400.0 shares.
Realty Income Corporation disclosed in a document filed with the SEC on Jan 11 that Huskins Priya Cherian (Director) bought a total of 6 shares of the company’s common stock. The trade occurred on Jan 11 and was made at $59.45 per share for $357.0. Following the transaction, the insider now directly holds 31391.0 shares of the O stock.
Still, SEC filings show that on Jan 08, Huskins Priya Cherian (Director) acquired 6 shares at an average price of $59.34 for $356.0. The insider now directly holds 31,385 shares of Realty Income Corporation (O).
Realty Income Corporation (O): Who are the competitors?
The company’s main competitors (and peers) include Two Harbors Investment Corp. (TWO) that is trading -53.53% down over the past 12 months. Medical Properties Trust Inc. (MPW) is -8.70% down on the 1-year trading charts. Short interest in the company’s stock has risen 9.07% from the last report on Dec 30, 2020 to stand at a total of 8.52 million short shares sold with a short interest ratio of 2.69.