Realty Income Corporation [NYSE: O] gained 1.03% on the last trading session, reaching $69.31 price per share at the time. The company report on April 30, 2021 that SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Vereit, Inc. Merger.
Rigrodsky Law, P.A. announces that it is investigating Vereit, Inc. (“VEREIT”) (NYSE: VER) regarding possible breaches of fiduciary duties and other violations of law related to VEREIT’s agreement to be acquired by Realty Income Corporation (“Realty Income”) (NYSE: O).
To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-vereit-inc.
Realty Income Corporation represents 373.50 million in outstanding shares, while the company has a total market value of $25.77 billion with the latest information. O stock price has been found in the range of $68.98 to $71.84.
If compared to the average trading volume of 2.81M shares, O reached a trading volume of 8183509 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $70.94 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.
Mizuho have made an estimate for Realty Income Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 04, 2021. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on January 22, 2021, representing the official price target for Realty Income Corporation stock. Previously, the target price had yet another raise to $63, while Robert W. Baird analysts kept a Neutral rating on O stock.
The Average True Range (ATR) for Realty Income Corporation is set at 1.13, with the Price to Sales ratio for O stock in the period of the last 12 months amounting to 15.60. The Price to Book ratio for the last quarter was 2.19, with the Price to Cash per share for the same quarter was set at 2.22. Price to Free Cash Flow for O in the course of the last twelve months was 180.70.
Trading performance analysis for O stock
Realty Income Corporation [O] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.33. With this latest performance, O shares gained by 8.09% in over the last four-week period, additionally plugging by 18.01% over the last 6 months – not to mention a rise of 25.40% 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 70.93, with the RSI for the last a single of trading hit 71.74, and the three-weeks RSI is set at 68.74 for Realty Income Corporation [O]. The present Moving Average for the last 50 days of trading for this stock 64.14, while it was recorded at 69.10 for the last single week of trading, and 61.76 for the last 200 days.
Realty Income Corporation [O]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Realty Income Corporation [O] shares currently have an operating margin of +47.00 and a Gross Margin at +51.60. Realty Income Corporation’s Net Margin is presently recorded at +23.56.
Return on Total Capital for O is now 4.14, given the latest momentum, and Return on Invested Capital for the company is 2.10. Return on Equity for this stock inclined to 3.81, with Return on Assets sitting at 2.01. When it comes to the capital structure of this company, Realty Income Corporation [O] has a Total Debt to Total Equity ratio set at 81.36. Additionally, O Total Debt to Total Capital is recorded at 44.86, with Total Debt to Total Assets ending up at 43.10. Long-Term Debt to Equity for the company is recorded at 80.82, with the Long-Term Debt to Total Capital now at 44.56.
Reflecting on the efficiency of the workforce at the company, Realty Income Corporation [O] managed to generate an average of $1,883,267 per employee. Receivables Turnover for the company is 4.82 with a Total Asset Turnover recorded at a value of 0.09.
Realty Income Corporation [O]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Realty Income Corporation posted 0.44/share EPS, while the average EPS was predicted by analysts to be reported at 0.45/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2.20%. 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%.
An analysis of insider ownership at Realty Income Corporation [O]
There are presently around $17,785 million, or 71.00% of O stock, in the hands of institutional investors. The top three institutional holders of O stocks are: VANGUARD GROUP INC with ownership of 54,456,584, which is approximately 0.293% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 34,281,689 shares of the stock with an approximate value of $2.35 billion in O stocks shares; and STATE STREET CORP, currently with $1.68 billion in O stock with ownership of nearly -0.549% of the company’s market capitalization.
Positions in Realty Income Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 469 institutional holders increased their position in Realty Income Corporation [NYSE:O] by around 17,221,691 shares. Additionally, 347 investors decreased positions by around 17,489,039 shares, while 110 investors held positions by with 224,546,745 shares. The mentioned changes placed institutional holdings at 259,257,475 shares, according to the latest SEC report filing. O stock had 127 new institutional investments in for a total of 3,810,557 shares, while 70 institutional investors sold positions of 873,404 shares during the same period.