Realty Income Corp. [NYSE: O] stock went on a downward path that fall over -2.18% on Tuesday, amounting to a one-week price decrease of less than -4.15%. The company report on February 13, 2024 at 4:15 PM that 644th Consecutive Common Stock Monthly Dividend and Preferred Stock Quarterly Dividend Declared by Realty Income.
Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced that it has declared the 644th consecutive common stock monthly dividend. The dividend amount of $0.2565 per share, representing an annualized amount of $3.078 per share, is payable on March 15, 2024 to stockholders of record as of March 1, 2024. The ex-dividend date for March’s dividend is February 29, 2024.
Realty Income also announced it has declared a quarterly cash dividend of $0.3750 per share to holders of the Company’s 6.00% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on March 29, 2024, to preferred stockholders of record as of March 15, 2024.
Over the last 12 months, O stock dropped by -22.93%. The one-year Realty Income Corp. stock forecast points to a potential upside of 17.02. The average equity rating for O stock is currently 2.06, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $37.30 billion, with 723.92 million shares outstanding and 723.15 million shares in the current float. Compared to the average trading volume of 7.58M shares, O stock reached a trading volume of 9684658 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Realty Income Corp. [O]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for O shares is $62.09 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 2.06. 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.
BMO Capital Markets have made an estimate for Realty Income Corp. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on February 13, 2024.
The Average True Range (ATR) for Realty Income Corp. is set at 1.11, with the Price to Sales ratio for O stock in the period of the last 12 months amounting to 9.58. The Price to Book ratio for the last quarter was 1.18, with the Price to Cash per share for the same quarter was set at 0.48. Price to Free Cash Flow for O in the course of the last twelve months was 13.55.
O Stock Performance Analysis:
Realty Income Corp. [O] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.15. With this latest performance, O shares dropped by -12.53% in over the last four-week period, additionally sinking by -11.08% over the last 6 months – not to mention a drop of -22.93% 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 30.91, with the RSI for the last a single of trading hit 25.42, and the three-weeks RSI is set at 35.72 for Realty Income Corp. [O]. The present Moving Average for the last 50 days of trading for this stock 56.03, while it was recorded at 52.69 for the last single week of trading, and 56.37 for the last 200 days.
O Stock EPS
With the latest financial reports released by the company, Realty Income Corp. posted 0.36/share EPS, while the average EPS was predicted by analysts to be reported at 0.31/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 16.10%. 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 Corp. go to 22.62%.
Realty Income Corp. [O] Institutonal Ownership Details
The top three institutional holders of O stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in O stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in O stock with ownership which is approximately 5.8325%.
