The price of Realty Income Corp (NYSE:O) shares last traded on Wall Street fell -3.09% to $57.00.
O stock price is now -8.15% away from the 50-day moving average and 1.10% away from the 200-day moving average. The market capitalization of the company currently stands at $5.75B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $67.50 to $70.25, Stifel maintained Buy rating for Realty Income Corp (NYSE: O). , while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Preusse Mary Hogan, Director sold 1,712 shares of the company’s stock on Sep 11 ’24. The stock was sold for $107,128 at an average price of $62.58. Upon completion of the transaction, the Director now directly owns 26,579 shares in the company, valued at $1.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11 ’24, Director Mary Hogan Preusse bought 1,712 shares of the business’s stock. A total of $107,000 was incurred on buying the stock at an average price of $62.50. A total of 0.11% of the company’s stock is owned by insiders.
During the past 12 months, Realty Income Corp has had a low of $49.52 and a high of $64.88. According to the stock market information, the enterprise value for the company is $75846754304, which is based on a 54.24 price-to-earnings ratio, a 13.82 price-to-earnings-growth ratio, and a beta of 1.00. The fifty day moving average price for O is $62.158 and a two-hundred day moving average price translates $56.37645 for the stock.
The latest earnings results from Realty Income Corp (NYSE: O) was released for 2024-09-30. The net profit margin was 17.17% and return on equity was 2.51% for O. The company reported revenue of $1.33 billion for the quarter, compared to $1.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.08 percent.
