Realty Income Corporation [NYSE: O] stock went on a downward path that fall over -0.97% on Thursday, amounting to a one-week price decrease of less than -5.24%. The company report on October 16, 2020 that 604th Consecutive Common Stock Monthly Dividend Declared By Realty Income.
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced that its Board of Directors has declared the 604th consecutive common stock monthly dividend. The dividend amount of $0.2340 per share, representing an annualized amount of $2.808 per share, is payable on November 13, 2020 to shareholders of record as of November 2, 2020. The ex-dividend date for November’s dividend is October 30, 2020.
About Realty Income .
Over the last 12 months, O stock dropped by -23.14%. The one-year Realty Income Corporation stock forecast points to a potential upside of 11.24. The average equity rating for O stock is currently 2.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $21.03 billion, with 345.04 million shares outstanding and 344.30 million shares in the current float. Compared to the average trading volume of 2.07M shares, O stock reached a trading volume of 2482632 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Realty Income Corporation [O]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for O shares is $68.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on O stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Scotiabank have made an estimate for Realty Income Corporation shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on October 09, 2020. While these analysts kept the previous recommendation, Raymond James raised their target price to Outperform. The new note on the price target was released on October 02, 2020, representing the official price target for Realty Income Corporation stock. Previously, the target price had yet another raise to $70, while Berenberg analysts kept a Buy rating on O stock. On June 10, 2020, analysts increased their price target for O shares from 55 to 68.
The Average True Range (ATR) for Realty Income Corporation is set at 1.60, with the Price to Sales ratio for O stock in the period of the last 12 months amounting to 13.14. The Price to Book ratio for the last quarter was 2.01, with the Price to Cash per share for the same quarter was set at 0.10. Price to Free Cash Flow for O in the course of the last twelve months was 127.91.
O Stock Performance Analysis:
Realty Income Corporation [O] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.24. With this latest performance, O shares dropped by -7.64% in over the last four-week period, additionally plugging by 15.35% over the last 6 months – not to mention a drop of -23.14% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for O stock in for the last two-week period is set at 42.33, with the RSI for the last a single of trading hit 37.03, and the three-weeks RSI is set at 45.02 for Realty Income Corporation [O]. The present Moving Average for the last 50 days of trading for this stock 62.39, while it was recorded at 61.92 for the last single week of trading, and 62.56 for the last 200 days.
Insight into Realty Income Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Realty Income Corporation [O] shares currently have an operating margin of +29.65 and a Gross Margin at +53.19. Realty Income Corporation’s Net Margin is presently recorded at +29.01.
Return on Total Capital for O is now 2.75, given the latest momentum, and Return on Invested Capital for the company is 2.70. Return on Equity for this stock inclined to 4.89, with Return on Assets sitting at 2.58. When it comes to the capital structure of this company, Realty Income Corporation [O] has a Total Debt to Total Equity ratio set at 82.15. Additionally, O Total Debt to Total Capital is recorded at 45.10, with Total Debt to Total Assets ending up at 43.28. Long-Term Debt to Equity for the company is recorded at 81.99, with the Long-Term Debt to Total Capital now at 45.01.
Reflecting on the efficiency of the workforce at the company, Realty Income Corporation [O] managed to generate an average of $2,249,907 per employee. Receivables Turnover for the company is 6.83 with a Total Asset Turnover recorded at a value of 0.09.
O Stock EPS
With the latest financial reports released by the company, Realty Income Corporation posted 0.32/share EPS, while the average EPS was predicted by analysts to be reported at 0.33/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -3.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for O. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Realty Income Corporation go to 5.45%.
Realty Income Corporation [O] Insider Position Details
There are presently around $15,517 million, or 76.10% of O stock, in the hands of institutional investors. The top three institutional holders of O stocks are: VANGUARD GROUP INC with ownership of 54,878,773, which is approximately 0.64% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 32,005,450 shares of the stock with an approximate value of $1.93 billion in O stocks shares; and STATE STREET CORP, currently with $1.61 billion in O stock with ownership of nearly 18.259% of the company’s market capitalization.
Positions in Realty Income Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 381 institutional holders increased their position in Realty Income Corporation [NYSE:O] by around 21,598,012 shares. Additionally, 381 investors decreased positions by around 21,053,165 shares, while 100 investors held positions by with 214,210,457 shares. The mentioned changes placed institutional holdings at 256,861,634 shares, according to the latest SEC report filing. O stock had 107 new institutional investments in for a total of 1,795,716 shares, while 91 institutional investors sold positions of 2,742,890 shares during the same period.