Realty Income Corp. (NYSE:O) shares traded -2.47% lower at $53.72 on Wall Street last session.
O stock price is now 0.56% away from the 50-day moving average and -0.10% away from the 200-day moving average. The market capitalization of the company currently stands at $46.78B.
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With the price target of $57, BMO Capital Markets recently initiated with Market Perform rating for Realty Income Corp. (NYSE: O). On December 13, 2023, Exane BNP Paribas Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock keeping its target price maintained at $63, while ‘Mizuho’ rates the stock as ‘Buy’
In other news, Chapman A. Larry, Director sold 5,000 shares of the company’s stock on Apr 09 ’24. The stock was sold for $271,150 at an average price of $54.23. Upon completion of the transaction, the Director now directly owns 6,257 shares in the company, valued at $0.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 18 ’23, Director Chapman A. Larry sold 3,500 shares of the business’s stock. A total of $199,436 was realized by selling the stock at an average price of $56.98. This leaves the insider owning 10,590 shares of the company worth $0.57 million. A total of 0.12% of the company’s stock is owned by insiders.
During the past 12 months, Realty Income Corp. has had a low of $45.03 and a high of $64.18. According to the stock market information, the enterprise value for the company is $72576139264, which is based on a 50.00 price-to-earnings ratio, a 2.21 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for O is $53.4196 and a two-hundred day moving average price translates $53.7756 for the stock.
The latest earnings results from Realty Income Corp. (NYSE: O) was released for 2024-03-31. According to the REIT – Retail Company, earnings per share came in at 0.29, missing analysts’ expectations of 0.34 by -0.05. This compares to $0.34 EPS in the same period last year. The net profit margin was 17.58% and return on equity was 2.28% for O. The company reported revenue of $1.26 billion for the quarter, compared to $944.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 33.47 percent. For the current quarter, analysts expect O to generate $1.25B in revenue.
