Realty Income Corporation [NYSE: O] price plunged by -2.16 percent to reach at -$1.48. The company report on May 4, 2022 that Realty Income Announces Operating Results For The Three Months Ended March 31, 2022.
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced operating results for the three months ended March 31, 2022. All per share amounts presented in this press release are on a diluted per common share basis unless stated otherwise.
A sum of 3199470 shares traded at recent session while its average daily volume was at 3.77M shares. Realty Income Corporation shares reached a high of $69.3744 and dropped to a low of $66.65 until finishing in the latest session at $67.10.
The one-year O stock forecast points to a potential upside of 13.55. The average equity rating for O stock is currently 2.30, trading closer to a bullish pattern in the stock market.
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 $77.62 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.
Wolfe Research have made an estimate for Realty Income Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on March 15, 2022. The new note on the price target was released on December 15, 2021, representing the official price target for Realty Income Corporation stock. Previously, the target price had yet another raise to $79, while RBC Capital Mkts analysts kept a Outperform rating on O stock.
The Average True Range (ATR) for Realty Income Corporation is set at 1.66, with the Price to Sales ratio for O stock in the period of the last 12 months amounting to 20.21. The Price to Book ratio for the last quarter was 1.39, with the Price to Cash per share for the same quarter was set at 0.41. Price to Free Cash Flow for O in the course of the last twelve months was 313.62.
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 -7.72. With this latest performance, O shares dropped by -5.05% in over the last four-week period, additionally sinking by -4.14% over the last 6 months – not to mention a rise of 2.58% 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 36.91, with the RSI for the last a single of trading hit 31.00, and the three-weeks RSI is set at 41.11 for Realty Income Corporation [O]. The present Moving Average for the last 50 days of trading for this stock 68.96, while it was recorded at 68.02 for the last single week of trading, and 69.48 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 +46.23 and a Gross Margin at +50.53. Realty Income Corporation’s Net Margin is presently recorded at +17.24.
Return on Equity for this stock inclined to 1.99, with Return on Assets sitting at 1.13.
O Stock EPS
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 $31,424 million, or 78.10% of O stock, in the hands of institutional investors. The top three institutional holders of O stocks are: VANGUARD GROUP INC with ownership of 89,344,766, which is approximately 6.568% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 55,379,435 shares of the stock with an approximate value of $3.8 billion in O stocks shares; and STATE STREET CORP, currently with $2.87 billion in O stock with ownership of nearly 17.037% 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 658 institutional holders increased their position in Realty Income Corporation [NYSE:O] by around 41,612,718 shares. Additionally, 407 investors decreased positions by around 36,335,944 shares, while 156 investors held positions by with 380,267,284 shares. The mentioned changes placed institutional holdings at 458,215,946 shares, according to the latest SEC report filing. O stock had 146 new institutional investments in for a total of 3,582,530 shares, while 125 institutional investors sold positions of 16,343,513 shares during the same period.