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Realty Income Corp. (O) Stock Could Soon Reward Patient Investors

Realty Income Corp. (NYSE: O) is 8.24% higher on its value in year-to-date trading and has touched a low of $45.03 and a high of $61.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The O stock was last observed hovering at around $61.77 in the last trading session, with the day’s gains setting it 0.38%.

Currently trading at $62.15, the stock is 3.58% and 9.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.49 million and changing 0.62% at the moment leaves the stock 13.56% off its SMA200. O registered 10.98% gain for a year compared to 6-month gain of 18.81%.

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The stock witnessed a 6.77% loss in the last 1 month and extending the period to 3 months gives it a 20.52%, and is 2.63% up 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 1.14% over the week and 1.67% over the month.

Realty Income Corp. (O) has around 418 employees, a market worth around $54.12B and $4.75B in sales. Current P/E ratio is 57.56 and Fwd P/E is 38.75. Profit margin for the company is 17.66%. Distance from 52-week low is 38.00% and 0.26% from its 52-week high. The company has generated returns on investments over the last 12 months (1.27%).

The EPS is expected to grow by 1.17% this year.

Realty Income Corp. (O) Top Institutional Holders

1539.0 institutions hold shares in Realty Income Corp. (O), with institutional investors hold 78.56% of the company’s shares. The shares outstanding are 870.87M, and float is at 869.92M with Short Float at 1.86%. Institutions hold 78.47% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 138.47 million shares valued at $7.31 billion. The investor’s holdings represent 16.5842% of the O Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 83.29 million shares valued at $4.4 billion to account for 9.9758 of the shares outstanding. The other top investors are STATE STREET CORP which holds 63.82 million shares representing 7.6438% and valued at over $3.37 billion, while COHEN & STEERS, INC. holds 2.9568 of the shares totaling 24.69 million with a market value of $1.3 billion.

Realty Income Corp. (O) Insider Activity

The most recent transaction is an insider sale by Chapman A. Larry, the company’s Director. SEC filings show that Chapman A. Larry sold 5,000 shares of the company’s common stock on Aug 23 ’24 at a price of $60.77 per share for a total of $0.3 million. Following the sale, the insider now owns 5257.0 shares.

Still, SEC filings show that on Apr 09 ’24, Chapman A. Larry (Director) disposed off 5,000 shares at an average price of $54.23 for $0.27 million. The insider now directly holds 6,257 shares of Realty Income Corp. (O).

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